PDA

View Full Version : Car Prices To Drop?



pywong
27th January 2010, 03:09 AM
Is this true?

The Price of Cars & The Price of Petrol in Malaysia after 1st May 2010 may drop drastically.

If true, donít buy a car NOW............ Read below

PUTRAJAYA, Jan 8 - The mechanism for fuel pricing in Malaysia has finally been finalized and controlled under one mechanism, which also takes the high and lower income group people into consideration, according to Finance Trade Minister Tan Sri Anuar Ali.

"From May 1, the fuel will be pegged at RM 3.90 per litre for RON97,while RON95 will increase to RM 3.70 per litre.

However, the prices of national-made vehicles will be lowered by at least 40 percent.

For example, a full-spec family sedan Proton Persona 1.6 litre engine will cost around RM23,000.00 excluding road tax and insurance. Import tax and excise duty will be revised to only 30 percent, from the current 200 percent.

Imported vehicles such as the new Toyota Camry 2.4 litre engine will cost around RM 65,000.00." he said.

The mechanics has been said to be undertaken by a team of experts from Australia and Canada who were earlier briefed on the issue of subsidy in this country, whereas after consideration by the transport minister, they have signed the constitution that the system will be made on May 1, the day it goes into effect.

Under the new system, there will be a major effect on the existing consumers who have already purchased a vehicle and to those who are in the midst of repaying the loan of their vehicle to their financial institutions.

Ahmad Tajuddin said the government might also re-introduce a cash return annually to Malaysians who own a 1,500 cc and below vehicle. The amount have yet to be decided but he assured that the amount will compensate the price of fuel by at least half to eligible Malaysians based on bumi quota.

GoldChan
27th January 2010, 08:23 AM
I doubt this is true. The impact is too great! for everybody to absorb. Nevertheless, a
slight reduction in car import duty and an increase in petrol prices is expected.
RM3.90 per liter petrol, toll operator suddenly goes bankrupt,food prices doubles, electricity double, U name it. everything will be 2x - 4x more. Moreover, lot of bumis are dependent on this car sales. you cannot make such drastic move.



Is this true?

The Price of Cars & The Price of Petrol in Malaysia after 1st May 2010 may drop drastically.

If true, donít buy a car NOW............ Read below

PUTRAJAYA, Jan 8 - The mechanism for fuel pricing in Malaysia has finally been finalized and controlled under one mechanism, which also takes the high and lower income group people into consideration, according to Finance Trade Minister Tan Sri Anuar Ali.

"From May 1, the fuel will be pegged at RM 3.90 per litre for RON97,while RON95 will increase to RM 3.70 per litre.

However, the prices of national-made vehicles will be lowered by at least 40 percent.

For example, a full-spec family sedan Proton Persona 1.6 litre engine will cost around RM23,000.00 excluding road tax and insurance. Import tax and excise duty will be revised to only 30 percent, from the current 200 percent.

Imported vehicles such as the new Toyota Camry 2.4 litre engine will cost around RM 65,000.00." he said.

The mechanics has been said to be undertaken by a team of experts from Australia and Canada who were earlier briefed on the issue of subsidy in this country, whereas after consideration by the transport minister, they have signed the constitution that the system will be made on May 1, the day it goes into effect.

Under the new system, there will be a major effect on the existing consumers who have already purchased a vehicle and to those who are in the midst of repaying the loan of their vehicle to their financial institutions.

Ahmad Tajuddin said the government might also re-introduce a cash return annually to Malaysians who own a 1,500 cc and below vehicle. The amount have yet to be decided but he assured that the amount will compensate the price of fuel by at least half to eligible Malaysians based on bumi quota.