New car prices dropped 7% on average last year, 20% reduction on average by end-2017 targeted – MITI
] At the just-concluded National Automotive Policy (NAP 2014) status update, Minister of International Trade and Industry Datuk Seri Mustapa Mohamed claimed that on average, car prices dropped 7.01% across all models and variants introduced last year, compared to a 4.97% reduction in 2013. He said that the lower prices benefitted some 72.5% of Malaysian car buyers in 2014, and that the aim is to gradually reach a 20% reduction on average by end-2017. The slide above undoubtedly raises a few eyebrows – we recognise the Mazda CX-5’s RM15k drop as a result of local assembly (CKD), but we’re curious as to how the Honda Jazz’s RM15,100 drop was derived. However, the previous-gen CKD Jazz petrol was priced at RM74,800, and its hybrid counterpart RM89,900 – the difference is exactly RM15,100… ] With regards to the Perodua Myvi, the 2%, 6% and 3% drops probably represent the 2011 Premium to 2013 SE, down to 2014 XT and finally to the 2015 facelift, but how the Proton Saga’s RM4,923 drop is derived is unclear – there are after all so many variants. Under NAP 2014’s Car Price Reduction Framework, MITI says car prices are expected to go down through increased competition brought about by the liberalisation of the industry rather than the reduction or abolishment of excise duties.
Read more: http://paultan.org/2015/01/30/car-prices-down-7-percent-average-last-year/#ixzz3QI2rlaBh
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Post time 30-1-2015 04:09 PM
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