Proton is collaborating with Funding Societies for the latter to provide credit facilities to Proton dealers, who can use the cash to finance the purchase of cars for floor stocking.
“Demand for personal vehicles saw an increase since the second half of 2020. Underlying this growth are concerns over shared transportation and accommodative government policies during the pandemic. With Funding Societies’ revolving credit facility, Proton’s dealers can tap into that growth by increasing their inventory for sale across by increasing their floor stocking inventory of used cars,” said Chai Kien Poon, FS Malaysia country head.
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