KUALA LUMPUR (May 2): Celebrating its fifth anniversary, Mercedes-Benz Services Malaysia Sdn Bhd (MBSM) announced it has built a portfolio of RM2.2 billion in the last five years. 

MBSM, a unit of Mercedes-Benz Malaysia (MBM), is now financing and insuring four out of every 10 Mercedes-Benz cars sold. 

The company, which was established in 2012, said it entered the Malaysian market at an opportune time to support MBM with innovative automotive financing packages. 

When MBSM entered the fray, Mercedes-Benz Malaysia had sold over 6,000 vehicles. 

“In 2012 and 2013, MBSM focused on setting up the business, and studying the needs of the market in order to begin catering to the aspirations of Mercedes-Benz customers,” the services unit said in statement today. 

Subsequently, after establishing its operations, MBSM progressed into building greater awareness of its role in the Mercedes-Benz customer journey throughout 2014 and 2015, which included retail and corporate customers in the passenger car category, as well as customers from the commercial vehicles division. 

“MBSM focused on empowering its customers by matching financing options with different financial flexibility needs. 

“Over the last two years, MBSM launched cutting-edge solutions like Agility Financing and Lease2Go, that have redefined the process of owning and financing a Mercedes-Benz vehicle,” the statement said.

MBSM’s managing director Mike Ponnaz said the company currently has 16,000 active customers. It has recorded contracts worth over RM1 billion in 2017 alone.

Mercedes-Benz sold 12,000 Mercedes-Benz cars and 2,469 commercial vehicles last year, he said.

“Moving forward, 2018 will be a year of strengthening our portfolio and serving our customers better,” Ponnaz added.