Proton sales grew 12.6% in October


Syndicated News
Written by Syndicated News

KUALA LUMPUR, Nov 1 2018 : Perusahaan Otomobil Nasional Sdn Bhd recorded a 12.6 per cent growth in sales for Proton cars in October following a market correction in September due to the introduction of Sales and Services Tax (SST).

Despite a contracted market share in October, the car manufacturer sold 5,093 units of Proton cars, an increase of 569 units compared with the previous month.

“The sales volume achieved is the highest for 2018 outside of the bumper sales period from June to September, fuelled by a zero Goods and Services Tax environment.

“With the much hyped Proton X70 launch only occurring later in the year, the growth points towards customers showing renewed interest in the current range of Proton cars,” the company said in a statement today.

Proton’s market share as a percentage of the Total Industry Volume last month was estimated at 10.7 per cent, which is in line with the average figure for the year, it added. – Bernama



About the author

Syndicated News

Syndicated News

News sourced from Bernama, Reuters, AFP and other accredited news agencies, including credible blogsites and news portals.