UMW Toyota Motor (UMWT) has announced that there are no planned price increase for CKD locally assembled Toyota models “at this time”. UMWT’s CKD line-up consists of the Toyota Yaris, Vios, Rush, Hilux, Fortuner, Innova and Hiace.
“Earlier in the year, the finance ministry gave assurance that if any CKD model was affected by increased prices as a result of the transparent methodology of reporting the open market value (OMV), the increase would be fully absorbed/exempted by the finance ministry during 2020,” the company said in a statement.
“Factors such as exchange rates and tax revisions can affect prices, but as far as possible, the company has always tried to maintain price stability by absorbing the increases as much as we can,” said UMWT president Ravindran K.
On February 21, Honda Malaysia’s announced an increase in sticker prices for the locally assembled Jazz, City and CR-V, which are up by 5.3% to 9.25%. Honda said that the changes were caused by a review of customised incentives for its CKD models, and that it was not related to the OMV/excise duty valuation change issue that surfaced this year.
What’s this OMV/excise duty issue about? More on that here and here.
Looking to sell your car? Sell it with Carro.
There is no price hike because 20 years ago already, every year, UMW already increase their prices.
In 1988, Toyota Corolla in Malaysia was RM20k
In 2020, Toyota Corolla in Malaysia become RM140k
That is 700% increase in price.
In 1988 to 2020, the price of Toyota Corola in Japan has only increased 50%.
So compare.
Japan increase 50% VS Malaysia increase 700%
All to enrich the lazy UMW GLC staff. Until today, staff of GLC UMW still get 12 months bonus. Thanks to Malaysian car buyers buying overpriced Toyota cars.
But Honda is one of big cheats of giving high price with no AEB for most honda models like City, Jazz & BRV, low quality and awful service standard
Boycott Honda..buy Nissan,Toyota or Perodua
I have internal memo that UMW wanted to increase car prices but after seeing the backlash on Honda, they decided not too.
For years car companies was cheating using a loophole to under declare their cars to LHDN. For years they deprived LHDN of revenue.
Now, UMW has decided to absorb the “losses” because they scared rakyat angry. Online anger towards DRB is so much that Honda sales will collapse this year.
In countries all over the world, people consider their cars as non assets because it is so cheap.
In Malaysia, cars are like GOLD. This is like status symbol. To show off, berlagak and action with neighbours and relatives and friends.
This is why rakyat Malaysia banyak berhutang. Gomen has made us spend so much of money until consumer debt one of highest in the world
Even our Toyotas had no VSC and only 2 airbags across its entire range 3 years ago.
But all over the world, Toyotas had VSC, except in Malaysia.
Who owns Toyota in Malaysia? Answer is UMW. Government company. Why Government company never give us safer Toyotas until 3 years ago?
But at least UMW Toyota gives better safety features for most Toyota cars, especially for DRB Proton. But unlike Honda own by DRB, they never give safer Honda cars. Even for DRB Honda, their service and quality are also high failures too.
Don’t blame others when it was your Japanese lords in UMW Toyota board that kept demanding to increase prices ever since 20 years ago. They even demanded that Perodua send all profits back to Japan and declare loss so they don’t have to pay taxes for 30 years. All to enrich the lazy Japanese lords back in Japan.
It is better for all Malaysians to boycott buying Toyota and Perodua cars so our money remains in Malaysia. Better to buy Proton as Geely will reinvest back all into Malaysia unlike these greedy and lazy Japanese.
Honda management and marketing team are always very greedy and arrogant. Already cancelled their orders to buy honda, but yet so many are brainless still buying honda. Already wasted their people’s money. You see, some of ex-honda owners Alamo’s don’t even have much money to spent their own goods. Because too many quality problems. Asking honda management to improve their service in fb, their honda management always ignoring their people’s feedback. Tell me how???? These honda management even also demanded to increase prices. All because of drb honda & kah motor honda.
So it is better for all Malaysians to boycott Honda. And for those who order new Civic and new Accord, it is urgent to all Malaysians to cancel their booking as soon as possible so that you don’t get more headaches. It is better to buy toyota, proton, mazda, mitsubishi, nissan and others that will help to reinvest back in Malaysia, instead of most greedy drb honda
All Japanese lords CKD in Malaysia with partner like UMW and DRB. Both are GLC. This means the people working in UMW and DRB did not negotiate a good price or deal for the rakyat of Malaysia.
Looks like the GLCs sold the rakyat of Malaysia out.
fake news again. Perodua has always made money from day 1 and always paid taxes to our Gomen.
Proton is the only car company never paid taxes to Malaysian Government because losses past 20 years.
Nice one trooper. Try to make fake news. Anyone can see the PNL of both companies and see who was making profit and who demanded bailouts because of losses
PH has price increase in just 20 months and you people not even bothers questioning the price. Everyone is just salivating at spending 5k salaries on Csegment & Dsegment expensive cars.
Meanwhile BN has price increase in 20 years, have been negative and various levels of concern-trolls.
Car prices went up 10 years ago. Don’t goreng here.
10 years ago we had the highest car prices in the world
Abolish NAP, NEP and Affirmative Policy in Malaysia. You will see car prices going down because now all money need to be channeled to helping certain groups.
In USA, 2020 Toyota Camry only cost USD$24k. Belum kira discount lagi. After bargain kaw kaw, you can drive home a Camry for US$19k even
A fresh graduate earns USD4500 per month.
In Malaysia, 2020 Toyota Camry cost RM200k.
A fresh graduate earns RM1883 (according to BNM’s own 2019 statistics)
Looks like GLC UMW have been cheating us for over 30 years.
Copy paste: “Bang you again sharing same story. Feel tired seeing all this from u and your many other name. Find a proper job la.”
Fed up with greedy people who cannot wait for next GE. All want kuasa asap to songlap back again
This blog has nothing to do with GE or kuasa. Please leave and take it somewhere else.
Eh don’t talk about next GE while your PH is still desperately clinging onto power. Ada brani buat GE sekarang jugak! Tengok rakyat kasi PH telur untuk sandiwara 2 tahun ini! Janji2 semua manis tapi takde niat mau tunaikan… phui!!!!!
john, you already got caught with this dupe Copy Paste the other day, you don’t feel shy using it again?
That day, john and Copy Paste write same comment. Kena kantoi from everybody
Is there something wrong with your eyes? “Copy Paste” is obviously copypasting but from the name itself, that person doesn’t shy away telling he/she is copypasting. You think everyone should be shameless like you here copypasting with different names all the time?
You said it bro. Real sick and tired of him.
You told us @Copy Paste is john, you told us @Celup King is john, you told us @Mario is john, you even told us @Redpilled is john, but we still see them posting comments as usual while your fake accounts got permabanned again and again and again. Ultimately we can see who isn’t telling the truth here.
Copy paste: “I really Hate you and your 1000’s dupes here Kunta!!!”
Ask Honda and Toyota open directly in Malaysia instead of feeding the UMW and DRB lazy staff. You will see Honda and Toyota prices will be far lesser
Here people cannot see why car prices are so high because majority like to buy expensip cars to balik kampung to show off to Opah they have made it big in Bandar.
Mati mati also must buy expensip car to show Opah we got money. But actually loan and hutang sampai leher.
In the USA, a Camry driver get’s a hair dryer, a washing machine, a blender and a package of tupperware for free! Why we poor Malaysians don’t get a blender at least?
Hints of Toyota Camry 2.5V …better buy asap!!
Saya rasa heran. Dulu ada seorang kutuk Honda meningkatkan harga kereta baru2 ini disebabkan Honda dipasang oleh DRB (padahal DRB takde kena mengena dgn penjualan kereta Honda) dan ini disebabkan DRB adalah GLC. Tetapi UMW pun GLC jugak, dan mereka pulak takde meningkatkan harga seperti dilaporkan dalam artikel ni. So saya ragu logik si-seorang tu takde asas langsung dan hanya main balun saja macam orang tidak berakal ataupun sah dah gila.
This clearly shows, owner of Proton and Honda in Malaysia, which is DRB is very greedy.
Why has DRB increased their prices and UMW not increased their price? The answer is, DRB needs to use their untung from Honda to subsidise the heavy losses Proton is causing them.
For now, 50% of all the profits have to go to Geely pocket in China. So, DRB can only make 50% revenue from cars sold.
To make matters worse, until last month, all Proton X70 was CBU. This means the good sales of Proton X70 CBU profits all went back to China to make Geely empayar bigger.
So, Proton really could not make much. This is why DRB has increased the prices of Honda cars to PERAH the rakyat further to subsidise Proton
Honda Japan HQ definitely have a say in Honda-My Management-every decision/planning, Few of them sit in the board here, another Fake/Basi arguments la you KunKun……
Betul …correct…correct..correct
This is so correct correct correct. LOL
well done Toyota
Now everyone will buy this brand including other brand like mazda, bmw, proton, mercedes, hyundai and others. Habisla Honda
this is the worst government we ever have! Manifesto cannot be fulfilled, cannot settle internal political party struggle, economy is so bad, EPF dividend declared is so low, prices of necessities all go up and now car prices went up so much so that it’s segment reaching the higher segment that it used to be. C segment is now the price of D segment and D segment is almost the price of luxury segment.
Learn to syukur la. You want PAS to be in government? Have you seen how kelantan is like??
Poorest state the ‘Past’ 50 years… Kelantan pipu pity & poor, Exco pembesar2 Merc fans ..
I don’t mind PAS gomen. At least we don’t get a backside gomen.
Finish Honda Malaysia and their arrogant attitude that gives a car with many issues on quality and aftersales services with high price. Even upcoming City Turbo and other Honda models doesn’t have AEB, land departure warning and blind spot monitor. Nobody will touch this brand. Salesman will start crying. So called as “Power of Nightmare Cars”
As majority in Malaysia fed up of driving honda cars because too many quality issues on newer Honda models after bought for less than 1 year. When go to aftersales service, people also complaining most of the aftersales service dealer. Cannot solve. Shows that technicians are having half past six, lying, didn’t repair at all, never repair other peoples car at all.
Yet, some of them are still buying Honda cars with brainless. Also, come here hating kimchi cars with low resale value and hating mazda. Just look at safety specs, most of Honda models are really kosong spec. Compare to Mazda, Toyota and Hyundai Ioniq comes with blind spot monitor, AEB, land departure warning and others. No wonder, many mazda CX-5 and Proton X70 everywhere than looking Honda CRV is now rare.
Malaysians rather buy mazda. This comes with 5 years warranty as Honda. Bermaz service is better and they already improved their service than honda. Even CKD Mazda CX-5 looks so so but better than most Honda models. So Honda Malaysia is dead.
Bang you again sharing same story. Feel tired seeing all this from u and your many other name. Find a proper job la.
Its Wilson Khoo bro. He has been trolling with his horrendous english for a year now. He used to do it on FB page oso
Well done..vios is king of kings..God like..
High time for UMW to launch more Hybrids or PHEV models rather the stone age overpriced combustion engine with so claim tuned..Mr Ravin please take charge rather than giving statements..Neighbourhood countries have move forward to Hybrids and PHEV..
Honda Malaysia is greedy.. And a traitor to the Malaysian public.
Syukur no price hike for Vios God Car.
Vios is king car, and can cucuk every car on the road. Vios also proven its capability with laysing.
Since the price is already at the ceiling, so there will be no price hike.