cimb car auction malaysia
Carsome, an online used car trading platform, has announced a special partnership with CIMB Bank Berhad (CIMB). The partnership will see a new inventory financing solution developed specifically to make acquiring second-hand cars by used car dealers easier and faster. The new solution is the first of its kind co-developed by a bank and a used car trading platform. It is expected to help drive inventory volume for dealers and subsequently increasing market demand within the used car industry. The
Only 10 percent of hire purchase borrowers of have opted out of the 6-month moratorium given by Bank Negara, according to data by RHB Investment Bank. In its latest bi-weekly newsletter dated 29-April, the investment bank downgraded its buy/sell call for CIMB, from Neutral to Sell. Part of the reason, according to the investment bank’s analysts is “…possibility of provisions for a macro overlay on expected credit loss and modification losses on the present value of deferred cash flows due to the
When it comes to shopping for a car, terms like reconditioned cars and certified pre-owned (CPO) cars get tossed around a fair bit. On paper, both CPO and reconditioned (recond) cars are very similar – both are cheaper than a new car, allowing the buyer to save some money. But that’s where the similarities end, as they are world’s apart once you look closer. Recond cars – good on paper, but buyers beware While it may seem tempting to save RM 40k to RM 50k on a recond car versus a brand-new car,
Semenjak PKPP bermula, pihak BMW Group Malaysia telah berganding bahu dengan NGO tempatan iaitu Tenaganita, Refuge for the Refugees, Liga Rakyat Demokratik dan Dapur Jalanan KL untuk mengagihkan bantuan kepada golongan kurang bernasib baik di sekitar Lembah Klang. Fasa bantuan seterusnya akan dijalankan lagi bersama NGO terlibat bagi membantu golongan ini meneruskan kehidupan ekoran impak dari perintah kawalan pergerakan yang telah mengganggu kesambungan hidup mereka. Antara bantuan yang dihulur
Remember Proton's electric vehicle (EV) project? Today, we found out that Proton was putting up models such as the Proton Saga EV, Proton Iriz EV, and even the Proton EMAS concept car up for auction. This following last week's auction of historic concepts and prototypes. UPDATE: The Proton EMAS concept car has been withdrawn from the auction. Thumbs up to Proton! It's impossible for a manufacturer to keep every protoype/concept car, but the EMAS deserves a spot in the museum. Today's auction was
Last week, this column discussed the challenges that lie ahead in exporting the Proton X70 to Indonesia. While the Proton X70 was able to race to the top of the sales chart almost as soon as it was launched, it will not enjoy such luxury in Indonesia. As an imported model, the Indonesian government will certainly not grant Proton any tax incentives the way the Malaysian government does. Without a significant price advantage, it’s will have a harder time going up against the Honda CR-V. To win ov
Interest for this cute little electric vehicle has redoubled in the country, Malaysians know it as the "Mini" EV X2. There is even a website selling the electric vehicle for a discounted price of RM 13,800 (normal price RM 18,800). But PDRM’s Cyber Crime Alert Facebook page has warned against dropping your deposit just yet. We’ve talked about this little electric car before. It is known as the "Mine", a 3-door EV from a Chinese company Today Sunshine. It falls in the category of a “scooter” for
Yes, you read the title correctly – we’ve compiled a list of 6 cars you should buy recond over official units. For those who have been following us would know that we don’t usually recommend recond cars, but for this post, we’ll make an exception. But before we get started, we should clarify the misconception that recond car are better equipped than local spec cars isn’t true. Companies like Toyota and Mercedes-Benz have been fitting their cars with generous safety equipment, matching or even su
Even though Mitsubishi Motors announced that it will not pull out of the European market after all, that does not mean it is completely smooth sailing for the Three Diamonds brand. Mitsubishi Motors (MMC) United Kingdom is liquidating its heritage fleet and as a result, 14 vehicles from their collection are up for grabs at an auction. Also read: Mitsubishi will save their European presence by rebadging Renaults According to the listing, the Mitsubishi Heritage Fleet auction will begin on 1-April
A very rare English Proton Satria Neo rally car is for sale on Motorsports Auction for 85,000 GBP. Unlike the Satria Neo S2000 rally car, this Satria Neo runs a British-made engine – the 2,500 Millington Diamond Engine. Specifically, the 2,500 cc Millington Diamond series 2+. The history of the Millington Engines dates all the way back to 1971 with Roy Millington working on diesel engines of the family farm. The first diamond engines are based on the 4-cylinder Cosworth YB engine. Roy Millington
Toyota Harrier Alongside the Toyota Alphard/Vellfire, the Toyota Harrier is an immensely popular luxury SUV. Part of the reason why the Harrier is so popular is the lack of competition – it has no direct rival either from Honda or Nissan. But the question remains – should you buy a cheap reconditioned (recond) unit or pay up for an officially-imported unit by UMW Toyota Motor? Let’s take a closer look at the pros and cons. Prices – Recond is cheaper, but for a good reason Prices start from RM 24
There's no doubt that the Toyota Alphard (and its Vellfire twin) is the best luxury MPV on the market. Few other cars can match the Alphard/Vellfire's spaciousness and ease of entrace/exit. Compared to a Mercedes-Benz S-Class, the Alphard's sliding doors allow you to step in/out of the car as if it's a room, rather than a car. The only question left is whether to buy a cheap reconditioned (recond) unit or pay up for an officially-imported unit by UMW Toyota Motor? Let’s take a closer look at the
Today is Friday, Sep. 19 Keep yourself up-to-date with 2020 Toyota GR Supra A90 Edition! Local News JPJ to auction Mercedes and 104 more cars, starting from RM50 JPJ (Jabatan Pengangkutan Jalan) is putting on a second auction this year. The auction will start at 9 a.m. on the 25th of September(next week), in Perak. A total of 105 confiscated vehicles (81 cars, 20 motorcycles, 3 vans and a lorry) will be put on auction for as low as RM50 starting bid, including: Toyota Wish Mercedes Benz BMW Suba
A global pandemic and signs of an impending economic depression are already slamming the automotive industry five ways to Thursday. Car sales are down, people are losing their jobs, and businesses are going bankrupt. We may be a meal away from financial Armageddon, which for some means it is a good time as any to buy an old Honda Civic Type R for RM300,000. Wait, what? That isn’t a lone case. More recently somebody bought a Mugen Civic Type R for half a million Ringgit. If that wasn’t brave enou
Syarikat pembiayaan automotif dalaman PROTON, Proton Commerce Sdn Bhd (PCSB) menjangkakan bahawa pinjaman jual beli kenderaan akan terus meningkat pada suka terakhir 2020. Kerjasama antara Proton Edar Sdn Bhd dan CIMB Bank Berhad yang terjalin sejak tahun 2003 telah menawarkan pakej pinjaman yang menarik dan pemprosesan pinjaman dengan segara untuk pembelian kereta Proton. Ketua pegawai eksekutif PCSB menjelaskan bahawa pakej rangsangan PENJANA telah meningkatkan prestasi Proton Commerce dalam m
Toyota Estima telah ditamatkan pengeluaran oleh Toyota pada tahun 2019. Model MPV popular tersebut melalui penjualan generasi akhir yang sukar kerana dibayangi oleh model Toyota Alphard dan Toyota Vellfire yang lebih premium. Walaubagaimanapun, MPV dengan pelbagai konfigurasi penumpang ini masih popular di Malaysia. Ia masih boleh dibeli oleh penjual kereta recond dan terpakai. Toyota Estima merupakan MPV yang boleh dinaiki dengan selesa pada tempat duduk baris ketiga dengan harga yang lebih mes
Over the past two weeks, the banking sector lost not just money, but a lot of goodwill from its customers. The former was unavoidable due to Covid-19, the latter was all their own doing. We are talking about how banks managed the communications to their customers regarding the 6-month moratorium for bank loans. Do banks not have any PR strategy at all? Hands up if you had trouble understanding Bank Negara’s first announcement on 25-March, which said: “It is important to note that the interest/pr
Recently, we ran a couple of stories on Proton auctioning off some of their older cars - including the Proton Wira PERT. A few articles down the line and with netizens’ support, a number of sought-after models were withdrawn from auction. That said, the Wira PERT was still sold - thankfully with a happy end. Mfa Bob, the new owner of the rallying Wira, recently shared on Facebook that he would be restoring the car to its former glory. PERT stands for Petronas Eon Racing Team and was founded in t
Amidst all the buzz surrounding last week’s Proton EV auction, there was one very interesting model. It was a turbocharged 1.3-litre Proton Iriz with a 6-speed manual transmission. The Proton Iriz is a formidable rival to the Perodua Myvi with great handling but hampered by the uninspired Punch CVT gearbox. While the Iriz is available with a manual transmission, the 95 PS 1.3-litre isn’t really hot hatch material and the 109 PS 1.6-litre manual variant has been discontinued for quite some time.
Who here remembers Proton Eon Racing Team (PERT) that was formed in the late 1980s? It may not be familiar to some of you but they were the ones that laid the foundation for Proton R3 - which stands for Race, Rally and Research. The name’s a clue to its history. Starting out with circuit racing, the PERT team made headways into rally before reaching their pinnacle sometime in 2002 - winning the FIA Production Car World Rally Championship title, thanks to “Flying Sikh” Karamjit Singh and co-drive
Proton had auctioned off some of its concept prototypes and rally cars in an unprecedented move on its automotive history. Thankfully, some of them have been pulled out from the auction by Proton. Some of these prototypes and university creations probably deserved the scrap but there were some which should be preserved. Apart from the PERTs and the Petronas E01-powered cars, the one that stood out in the list was a pair of Satria Cabriolets. While the United Kingdom was the prime export market f
If you have visited any Mercedes-Benz dealers recently, you would know that there are hardly any 2020 models on sale. Perplexing because we are already well into the third month of the year. It doesn’t matter if you are buying a locally-assembled Mercedes-Benz C-Class/E-Class/GLC-Class or an imported A-Class. Dealers don’t have any 2020 manufacturing year cars to sell you. Buyers are advised to take one of two options - buy a unit manufactured in 2019 with minimal discounts, or wait until Merced
The Honda Civic EK9 Type R will be turning 25. That means this JDM legend from the nineties is turning into a classic soon – yeah, we are feeling old. We’ve seen news of Toyota A80 Supras and Honda Integra DC2 Type Rs going for six figures at auctions in America. However, since the EK9 is still below the 25-year import rule, that means we won’t be seeing wild prices for them. Until now. According to OZM Auto Auction, a fresh-looking Honda Civic EK9 Type R in black with a mileage of only 2,549 km
Yesterday, we published an article where we found the Proton EMAS concept car among the EV prototypes that were sold off in another Proton-themed auction. While it was heart-breaking to see this once glorious concept car in such a sad state, it's a good thing that Proton decided to withdraw it from the auction. So, what makes the Proton EMAS so deserving to be restored? Let’s rewind back to 2010; South Africa hosted the World Cup for the first time in the African continent, Kanye West released h
Volkswagen Passenger Cars Malaysia (VPCM) and art powerhouse Wei-Ling Gallery today announced a collaboration in conjunction of the launch of the all-new 2020 Volkswagen Arteon R-Line, featuring the talents of 13 Malaysian artists. This collaboration offers collectors and art enthusiasts the unique opportunity to own scale models of the Arteon that have been transformed by the artists into unique sculptures. The art pieces will be sold via auction, and proceeds from the auction will be channelle
Malaysia is home to the Sepang international Circuit, Pasir Gudang circuit, and Dato’ Sagor circuit. We even used to have a racing circuit in Batu Tiga that was once used to film the Jackie Chan film, “Thunderbolt”. We love motorsports and have gone to great lengths to make it more accessible. While track racing may be a little more popular, one motorsport that we absolutely love is rallying. We may not have winter stages and tall pine trees, but that hasn’t stopped us from enjoying the sport. T
Prior to the return of Suzuki in Malaysia, those who wanted to buy the fourth-generation (ZC33S) Suzuki Swift Sport had to resort to reconditioned units, as recond dealers have been selling that model since 2019. But that will soon change, as Suzuki has returned to Malaysia under Naza. In the process, the company has introduced the fourth-generation (ZC33S) Swift Sport in Malaysia. So, the question is: now that potential buyers have the option of a reconditioned unit or a brand-new unit, which i
Want that dream car of yours but can’t afford to buy new? The used car market is one solution. If you are shopping for a used car, here are the list of things that you should look out for. 1. Check paintwork, body panels, engine bay, and underneath of the car First impression matters. The outlook of the car is what makes you attracted to it in the first place, so naturally, this will be the first thing you should look at. Always inspect the car in daylight, because the sun's reflection can tell
When the 200 PS Toyota 86 was first launched in Malaysia in 2012, its asking price was RM 243,000 for the manual, and RM 249,000 for the automatic variant. For a supposedly affordable sports car, its pricing in Malaysia is hardly affordable at all. The more powerful (220 PS), more practical Volkswagen Golf GTI Mk7 can be had for about RM17k less, at RM 227,888. Toyota 86 UMW Toyota then introduced the facelifted 86 in 2017. There were some minor upgrades but prices went up further, to RM 257,502
The Toyota GR Yaris is an exclusive hot hatch with only 25,000 units being produced worldwide. Sadly, it appears there’s one less in the world with this sorry sight of a GR Yaris that’s been trashed with only 1,048 km of mileage! According to data from a Japanese salvage auction site, this was a First Edition variant. Looking at the bodywork, it appears to be a total loss with both the front and back of the hot hatch completely ruined. Car enthusiasts would be so disappointed to see the fate of
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