NAP After-Effects: Toyota cars to be cheaper
We’ve just seen one of the first effects of the new National Automotive Policy. UMW has just announced it’s passanger cars will be cheaper by 5.6% to 11% with the new tax structure, however MPVs like the Toyota Avanza and the Toyota Innova will be more expensive from now on.
The Toyota VIOS will be 5.6% cheaper, while the Toyota Corolla Altis will be 7% cheaper. Commercial vehicles like the Toyota Hiace and the Toyota Hilux prices will not be affected.
UMW shares rose 30 sen to RM7.55 today. UMW’s 38% stake in Perodua will enable it to participate in the incentives for local car manufacturers. Lower Toyota car prices are also expected to boost sales for the non-national car market.
March 23, 2006 @ 7:23 pm
great……but how much is it going to be reduce? i dun think it will be significant though.
March 23, 2006 @ 7:45 pm
10% ke since the tax has been reduced from 15% to 5%?
March 23, 2006 @ 8:10 pm
MPV’s is suppose to be able to help reduce cars on the road yet gov wants to discourage people of owning it. Truly Malaysia Boleh.
March 23, 2006 @ 8:19 pm
G still trying to protect P1 what. Avanza really eating into P1 market share.
March 23, 2006 @ 10:21 pm
hopefully cars will be cheaper by more than 10%…..
March 23, 2006 @ 10:40 pm
http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_275e97ce-cb73c03a-11087270-8ace0012
Perodua the first to announce reduction in car prices 2-3% RM800 to RM1,500 with the exception to Kancil. Kudos to Perodua !
March 23, 2006 @ 10:59 pm
…hooray..10%..cheaper…but a blardy 1.6 Altis will still cost you more than 100K…WTF???!!…poor working class rakyat like us should stop dreaming abt owning any other car except an NATIONAL car…..why??…the Gs have it all planned….since the 1st day they launched the National car thingy…CRAP!!!
…without this c2pid National car project….i believe EVERY single one of us here would be driving an imported car….
March 23, 2006 @ 11:08 pm
iguanaa, not imported car, they will be considered as national car, hehe
March 23, 2006 @ 11:32 pm
So, if Pero2, goes 2-3%, hopefully the toyota goes 10-25%. I heard Buletin Utama-analysts says that prices for CKD, CBU should be cheaper by 10-25%.
March 23, 2006 @ 11:58 pm
…Toyotas cheaper by 10-25% ???….long shot…VERY long shot….imagine Vios..Altis…Camry dan lain-lain Toyotas selling for 20% cheaper…how the hell is P1 going to sell their Gen2..Waja..Perdana???…
…long shot….VERY….long shot….i’m not holding my breath for this one…:)
March 24, 2006 @ 12:06 am
….i personally find that this NAP thing is really nothing but whole lot of BS…what do the Gs take us for huh??!!…we the rakyat maybe poor..but we aren’t blind and we are not c2pid…..unless the Gs are prepare to close down P1…(maybe P2 also…)…we the poor working class rakyat will never live to see the day when the price of imported cars become at par with what we are earning….it is really depressing….
March 24, 2006 @ 12:54 am
The new policy is just another BS from gov, while they reduce 5% for import tax, in the same time they increase 5% of national tax, what make the difference. I am not offend if our national car has the quality built, but the gov just try to protect the company that will never learn and never grow up, what the cry baby. Everthing is end up to the suffering of poor Malaysian.
sigh…..
March 24, 2006 @ 8:31 am
So Proton what are you waiting for. Should follow Perodua moves and reduce the Wira and Waja’s price.
March 24, 2006 @ 10:47 am
Just hope that one day we could benefit from the “price-war-of-car”, as like the recent telcos competition on call rates and attractive pakaging.
March 25, 2006 @ 5:40 pm
[...] We’ve seen some effects of the new National Automotive Policy only 3 days after it was announced. Most manufacturers have announced that their CKD vehicles would cost less. Proton says it would cut prices between 2-5% although no official figures have been announced. Other companies which have announced price reductions are Toyota, Perodua, and Mercedes Benz. [...]