Perodua And Honda Confirm Most Models Will Be Cheaper By Up To 3% After SST
The price cuts could be up to RM4,900!
By Andrea Tang — 04 Sep 2018, 12:06 PM
Perodua has just announced that most of their vehicles are 1% to 3% cheaper under the Sales and Services Tax (SST), which was implemented on 1 September 2018
“Based on the new tax structure, almost all Perodua models see price reductions compared to the GST price structure,” said Perodua Sales Sdn Bhd Managing Director Datuk Dr Zahari Husin, as reported by The Sun Daily.
Besides Perodua, Honda also confirms that most of their models will have price cuts up to RM4,900
Honda's completely knocked-down (CKD) model range will be cheaper with the implementation of SST, with the CR-V 1.5 TC 4WD having a price cut of a whopping RM4,868.
Two of their CBU import models are the only ones that see a price increase, the Odyssey 2.4 EXV 7-seater with an increase of RM4,096 and the Civic Type R with RM10,002.
The price of the Jazz Hybrid and City Hybrid are still pending government approval, as reported by Paul Tan.
A spike in vehicle demand happened in the three-month-long tax holiday when the government decreased the GST rate from 6% to 0% on 1 June 2018
Many were quick to purchase cars before a supposed price hike and there was even a stock shortage.
The Malaysian Automotive Association (MAA) mentioned that car prices were likely to go up with SST. Datuk Aishah Ahmad, president of MAA, even stated that when GST was introduced, prices went down for most car models, and it was expected for sure that there will be a price increase from GST to SST.