RM10,000 Off A Merc And Other Car Price Reductions Thanks To GST

National carmaker Proton Holdings Bhd has trimmed the prices of all its models and variants, with a reduction of up to RM1,475.23 or 3.25% for the entry level model Iriz in light of the implementation of goods and services tax (GST), which comes into force today.

theedgemarkets.com

“The new on-the road prices includes all models under the Proton family comprising of the Saga, Persona, Inspira, Staria Neo, Exora, Prevé, Suprima S and Iriz.”
The biggest price cut is for the Iriz 1.3L standard model with solid colour, now going for RM43,974.92.

therakyatpost.com

"All these prices have taken into account the 6% GST and are the on-the-road prices," Proton's CEO Datuk Abdul Harith Abdullah said in the English daily.

themalaysianinsider.com

It was also reported that locally assembled Honda models (Jazz, City, Civic, CR-V, Accord and HR-V) will be cheaper by between RM500 and RM2,500. But the fully imported model, such as the Odyssey would go up by between RM500 and RM1,000. Honda Malaysia managing director and chief executive officer Yoichiro Ueno in the same report said the City 1.5L V would now be priced at RM89,467 compared with the pre-GST price of RM90,813.

themalaysianinsider.com

More GST related news, this time from Perodua. Starting today, prices of Perodua cars will see a reduction of 0.1% to 1.6% depending on model, following the implementation of the Goods and Services Tax. For spare parts, Perodua will absorb the impact of GST and maintain prices.

UMW Toyota Motor president Datuk Ismet Suki said there would be a price reduction of up to RM4,000 or 2% for Toyota and Lexus models. It was reported last year that the Malaysian Automotive Institute (MAI) had predicted car prices to drop between 1% and 3% after GST.

themalaysianinsider.com

Mitsubishi Motors Malaysia has announced new on-the-road prices for its CBU and CKD models with GST – reductions range from RM200 to RM2,000 on selected variants.

Volkswagen Malaysia has updated its prices with GST – all models and variants maintain their nett selling prices (excluding OTR and insurance costs), inclusive of GST. However, for all locally-assembled (CKD) models, you’d have to fork out RM18 more (due to a 6% GST on handling and number plate fees) and RM27 more for all fully-imported (CBU) models (due to a 6% GST on inspection, handling and number plate fees). Then there’s insurance, which is of course subject to its own 6% GST.

Malaysian Ford distributor Sime Darby Auto Connexion has announced new prices for Ford vehicles with GST. All models currently on sale in Malaysia see very slight price drops – from as little as RM2 for the Ford Ranger 3.2 XLT 4×4 Automatic to RM100 for the Ford S-Max 2.0 EcoBoost.

Edaran Tan Chong Motor has released new Nissan prices updated with GST – all CKD models and variants are cheaper by between RM190 and RM2,724, or between 0.3% and 2.0%. However, the prices of CBU models – namely the Sylphy, Elgrand, Murano, 370Z and Leaf – stay the same as before. The Almera is now between RM195 and RM233 cheaper, while the Teana enjoys a RM2,429-2,724 price drop.

Peugeot vehicles in Malaysia will carry over the same prices into the GST era, official local distributor Nasim has confirmed. These new price lists, 16 in all, match the previous on-the-road with insurance figures (before they were adjusted by between RM13-15 to account for the 2015 motor insurance tariffs), so while it’s technically a price drop of between RM13-15, it’s all pretty much status quo as far as Peugeot is concerned.

Nevertheless, according to motoring website Paultan.org, Volkswagen Group Malaysia Sdn Bhd said it would maintain the nett selling prices of all models and variants inclusive of the GST, whereas BMW Malaysia Sdn Bhd is also maintaining its status quo for the time being.

themalaysianinsider.com

We now have BMW Malaysia’s full GST-adjusted price list and well, if you’ve been hoping for a price reduction of some sort, you’re not in luck. Everything on the list seems to be the same as the equivalent pre-GST prices.

Meanwhile, Mercedes-Benz Malaysia Sdn Bhd also said the prices of its models will drop by as much as RM10,000 from the pre-GST prices. The biggest price drop is seen on the new E300 Bluetec Hybrid model, which has fallen by RM10,000, while the popular A200 model is reduced by RM2,000. “We are happy to announce that the prices of our cars have been lowered following the implementation of the GST,” said Mark Raine, vice-president of passenger cars (sales and marketing) of Mercedes-Benz Malaysia.

themalaysianinsider.com

Following the implementation of the Goods and Services Tax (GST) today, Renault has announced a range-wide price update. The entire lineup will see a decrease with up to 1.12% touted. For starters, the CKD Renault Fluence is now priced at RM113,888 on-the-road (OTR) without insurance – a separate 6% charge will be imposed on insurance costs.

The most significant decrease in price on any Renault model is reflected in the CBU Megane RS 265 Sport with a RM2,111 decline. The aforementioned decrease of 1.12% comes courtesy of the updated price for the CBU Renault Koleos which sees a new tag of RM178,888 OTR without insurance, as opposed to the earlier figure of RM180,921.

Euromobil has announced a range-wide price update following the implementation of the Goods and Services Tax (GST) today. In line with most of the changes happening across the board from other marques, prices for all Audi models, except for the A4 1.8 TFSI, will see a decrease of up to 4.42%. The only model that sees a price increase is the Audi A4 1.8 TFSI, which now sports a price tag of RM239,900 – a 0.8% increase from the pre-GST price tag of RM238,000.