I would like to pose a question to any of you who purchased a car recently. The government is unhappy that car prices have not been reduced much, only in the tune of 2-5% or at most 5-10%.
If you purchased a Toyota Camry (used as an example) last year, and Toyota cuts the price of the Toyota Camry by 15-20%, how would you feel? Would your car’s value drop in the second hand market? And if yes, would you be angry? Would your brand loyalty to Toyota be affected if Toyota was the only one who gave a big price cut for their cars? Would your brand loyalty to Toyota be affected if all car manufacturers did similiar price cuts? Or would you be okay with it, considering it is an effect of the National Automotive Policy?
There are no right or wrong answers. It’s a matter of your own opinion, and I hope everyone will agree to disagree in case differences of opinions occur in the discussion. Also feel free to give your thoughts on what you think of the NAP in general, and the after-effects so far. The prices of cars in Malaysia is truly a complicated thing. Such a delicate balance must be kept.