Malaysians frequently complain of high car prices, but the Ministry of International Trade and Industry (MITI) has come out to say that total cost of vehicle ownership in Malaysia is among the lowest in Asean, according to its comparative analysis.
In a statement released yesterday, MITI said the total cost of vehicle ownership took into account the cost of vehicle, petrol, insurance and road tax, Bernama reported.
It was pointed out that our subsidised RON95 petrol is RM1.90 per litre, lower than Thailand (RM3.80 per litre), Indonesia (RM3.35 per litre), Singapore (RM5.10 per litre), Vietnam (RM3.60 per litre) and Philippines (RM3.20 per litre).
Average annual road tax and insurance in Malaysia is also among the lowest in the region, with yearly road tax at RM398 and insurance at RM3,062. In Singapore, it is RM2,756 and RM7,960 respectively, while Indonesians pay RM1,837/RM4,593, Thais RM459/RM6,736 and Filipinos RM306 and RM2,847.
MITI even gave some real examples. Apparently, ownership costs for a Honda City in Malaysia, accounting for petrol subsidy, is RM126,491, which is lower than Thailand’s RM147,875 and Indonesia’s RM159,963. Ownership costs for a Toyota Vios also follows the trend – RM125,361 in Malaysia, RM146,475 in Thailand and RM147,283 in Indonesia.
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AI-generated Summary ✨
Comments on the blog post about Malaysia's vehicle ownership costs highlight skepticism towards MITI’s claim that costs are the lowest in ASEAN. Many critics point out that the comparison excludes crucial expenses like tolls, maintenance, and the high upfront taxes paid, making the analysis misleading. Several comments emphasize that Malaysia's high car prices, fueled by hefty duties and taxes, offset the savings in fuel prices. Comparisons with countries like Singapore, UK, Australia, and Brunei reveal that living costs, income levels, and public transport infrastructure are often ignored, rendering the official figures questionable. There’s widespread frustration over the government’s manipulation of data, perceived favoritism towards certain automotive producers, and the overall high cost of car ownership, fueling political dissatisfaction and calls for more truthful, comprehensive analysis.