Witnessed by Transport Minister Anthony Loke, the MOU was signed by SMG group chief executive officer Alex Yeow, FMCCAM honorary secretary general Khoo Kah Jin, and ezAuto Asia group managing director Khor Lin Yong.
“Through this multi-party collaboration, CarSifu and FMCCAM can leverage on each other’s reach and member base to build a complete ecosystem on all things automotive and provide consumers with end-to-end solutions,” said Yeow. Established in 1979, FMCCAM pays close attention to instilling confidence in buyers looking to purchase pre-owned vehicles, as well as protecting pre-owned car dealers from associated risks. To date, FMCCAM is made up of nine-member state associations, including 3,500 registered members out of 5,000 independent motor vehicle dealers nationwide.