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At yesterday night’s roundtable with the media on the sidelines of the 2015 Tokyo Motor Show, where Perodua’s year-to-date 2015 sales figures were announced, P2 president and CEO Datuk Aminar Rashid Salleh also gave updates on the company’s Pre-Owned Vehicles (POV) division.

The business of taking in used cars as trade-ins is already in existence (started in 2013), but Perodua is planning to expand it from the current wholesale-only model to include retail sales as well.

This effectively means that P2 will be setting up a pre-owned car arm in the mould of Toyota’s Topmark, Edaran Tan Chong Motor’s MUV and BMW Premium Selection, among others. Currently, traded in cars are sold on to panel used car dealers.

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Aminar said that Perodua will take in cars that are up to seven years old, as cars older than that may be harder to refurbish for resale. Only Perodua cars taken in will flow back into the upcoming retail POV business – other makes will continue to be wholesaled to the used car dealers. POV’s cars will be offered with warranty for added peace of mind.

The original plan was for POV to be launched in this final quarter of 2015, but that has been delayed to next year. The final hurdle is a suitable location. “We want a good location in Klang Valley and we hope we will find one soon and start the operation next year,” Aminar told reporters.

The P2 boss explained that the establishment of POV will help Perodua have some form of control over resale values. It will also serve as an alternative to new car customers in challenging economic times.