As hinted at last month, Edaran Tan Chong Motor (ETCM) has announced a price increase for its locally-assembled Nissan models. While initially expected to involve six models, only four CKD models are affected by the increase.
These are the Nissan Almera, Grand Livina, X-Gear and Teana, with the price hikes ranging from 2.8% to 6.7%. The increase is effective from today, April 1. The company added that pricing for the Serena S-Hybrid, X-Trail, NP300 Navara and NV200 models remain unchanged.
The company says that the decision for this price adjustment is mainly due to the weakened ringgit, which has severely impacted the overall operational costs of the company. Having continuously sought and reviewed opportunities to hold the current prices of Nissan vehicles for the interest of its customers, it says it has no choice but to now do so.
“Over the past months, despite severe pressure from a weakened ringgit, ETCM implemented necessary measures to reduce the impact. However, due to the prolonged unfavourable foreign exchange and the persistent pressure of higher operating costs, selected models will have a price increase,” ETCM executive director Datuk Dr Ang Bon Beng explained.
The breakdown of the new pricing for the four CKD models is as listed above. The lowest percentage jump is for the Teana 200XE, which previously went for RM133,284 (on-the-road, without insurance), and is now RM137,000, the RM3,715 increase making for a 2.8% hike. In terms of the biggest percentage jump, that’s for the Almera 1.5E AT – originally priced at RM67,678, it is now listed at RM72,200, up by 6.7%.
The official Nissan distributor intimated late last year that it was mulling a price increase for its range of Nissan models in Malaysia in light of the ringgit’s depreciation, and reiterated it again in February. Thus far, Honda, Toyota, Lexus, Mitsubishi, Kia, Peugeot, Citroen, Audi and Proton have all upped their prices in Malaysia due to the weakening ringgit.
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