Press Release
“PEDA CALLED ALL AUTOMOTIVE NEW AND USED CAR DEALERS AND ALL INSURANCE AGENTS TO BOYCOTT PIAM MEMBERS AND SUPPORT TAKAFUL”
MAY 2009, KUALA LUMPUR. “New insurance premium and renewal of motor insurance commission contribute more than 20% of proton dealer’s total net income per car. PIAM’s proposal that was approved by Bank Negara via its circular to PIAM dated 17 April 2009 will destroy the Automotive Eco System, specifically the automotive dealer’s network. Motor insurance is an important segment of the automotive eco-system” said Armin Baniaz Pahamin, Acting President Proton Edar Dealers Association Malaysia (PEDA).
2. These premiums subsidised the increasing overhead cost as well as determine thebreak-even of car dealers especially during these economic crisis.
13.PEDA will not hesitate to advice our members and other automotive car dealers association to ‘Boycott” members of PIAM that supported and implemented the proposal in favour of Takaful.
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