Honda Malaysia confirms 2%-3% price increase in 2016

honda-jazz-honda-malaysia-price-increase

Honda Malaysia has announced that it will increase the prices of its products by 2% to 3%, beginning January 2016. The reason, as you might have already figured, for said move can be attributed to the weakening ringgit. While exact figures and models affected have yet to be disclosed, Honda Malaysia has said that it will be “monitoring the exchange rate closely” and that it “will decide on the price in December 2015.”

“After weighing all possible options, a price increase is an inevitable step for Honda Malaysia in order to continue to continue offering high quality products and services to our customers. If the ringgit currency appreciates to the previous level, we would reevaluate the pricing structure once again,” commented MD and CEO of Honda Malaysia, Yoichiro Ueno.

“Since the introduction of Honda models with its current price, the ringgit has depreciated by 20%-30% against the US dollar. The drastic depreciation of the ringgit has caused a significant increase to the cost of imported parts and components,” added Ueno.

Earlier on, UMW Toyota Motor announced that it too will hike the prices of its products effective from January 2016 – an increase of around 4% to 16% has been mooted. Elsewhere, Mitsubishi Motors Malaysia also hinted at a similar move. On the plus side, Mercedes-Benz Malaysia has confirmed that it will aim to maintain the prices of its car through into 2016 – prices of its W205 C-Class models have also been slashed.

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Gregory Sze

An “actor” by training, Gregory Sze realised that he has had enough of drama in his life. Following his number one passion (acting was actually number two), he decided to make the jump into the realm of automotive journalism. He appreciates the simple things in life – a simple car with nothing but back-to-basics mechanical engineering and minimal electronics on board.

 

Comments

  • Better than Toyota on Oct 19, 2015 at 11:10 am

    At least is better than Toyota’s increase of 4% to 16% on an already kosong car

    Well-loved. Like or Dislike: Thumb up 63 Thumb down 2
    • Sam L0rrr on Oct 19, 2015 at 11:16 am

      But Toyota will rebate you with great discounts

      Like or Dislike: Thumb up 7 Thumb down 47
    • Same L0rrrr on Oct 19, 2015 at 11:33 am

      Previously DRB Hicom said no price hike for its product. Now you see 4%-6% hike on Honda. lol
      Don’t be cheated by empty promises like “no price hike”, “2012 launch Proton Hybrid”, “Betul2 Onz” etc.

      Like or Dislike: Thumb up 20 Thumb down 21
      • Get your eyes check on Oct 19, 2015 at 12:02 pm

        Bro your eyes got problem is it? It stated increase of 2%-3%, why you go double up the figures

        Like or Dislike: Thumb up 29 Thumb down 2
        • dugongx on Oct 20, 2015 at 12:49 am

          You can’t really blame cock eyed same lorr. Only driving a Tin kosong moving coffin vios but he thinks it is like lexus.

          Like or Dislike: Thumb up 3 Thumb down 0
  • Sien L0rrr on Oct 19, 2015 at 11:13 am

    Honda going to have “better” RV too …
    (Sam Lor’s theory)

    Like or Dislike: Thumb up 15 Thumb down 5
  • umw no VSC on Oct 19, 2015 at 11:31 am

    Cepat2 Ini kalilah!

    http://paultan.org/2015/10/09/honda-year-end-promo-8-months-free-instalments/

    Like or Dislike: Thumb up 13 Thumb down 0
    • after Honda Recall Malaysia Gearbox for 2014 and 2015 city and jazz.
      i scare already.

      http://paultan.org/2015/09/23/honda-malaysia-recalls-2014-city-and-2015-jazz-over-cvt-control-software-issue/

      Like or Dislike: Thumb up 3 Thumb down 6
      • dugongx on Oct 20, 2015 at 12:53 am

        Just a simple software update is nothing much. Still better than risking your whole family buying a tin kosong moving coffin at premium price

        Like or Dislike: Thumb up 2 Thumb down 1
  • FIST (Member) on Oct 19, 2015 at 11:49 am

    Haiyoh, new civic is going to be more expensive

    Like or Dislike: Thumb up 4 Thumb down 2
  • tokmoh. on Oct 19, 2015 at 11:52 am

    Takpe, Merc turun harga, puji kerajaan!

    Tak suka honda, jangan beli honda. Beli mercedes, harga sudah turun.

    Love,
    3.85

    Like or Dislike: Thumb up 21 Thumb down 3
    • Jiyang on Oct 19, 2015 at 12:32 pm

      Looks like you are 3.85 man

      Like or Dislike: Thumb up 7 Thumb down 7
    • Merc Benz itself has been selling Mark Up Margin for A-segment, which come with low end drive train = FWD compared usuall Benz with RWD.

      Further support is shown where Benz has successfully UP Profit by 10X:
      http://paultan.org/2015/07/24/cycle-carriage-bintang-sets-record-profit-up-10-fold-due-to-strong-sales-higher-margins-and-mbm-dividend/

      Like or Dislike: Thumb up 0 Thumb down 0
  • ben yap on Oct 20, 2015 at 1:58 pm

    nvm, later honda will give 1 year free instalment plan promotion.

    Like or Dislike: Thumb up 0 Thumb down 0
  • homey on Oct 22, 2015 at 1:38 am

    In the US, it does cost over 100K. All brand new cars import and local assemble are so expensive. It should only cost 30K to 40K. If there is a sunroof option, it cost around 2K to 3K. It such a Ridiculous pricing consider a car would rust in 20 years time.

    Like or Dislike: Thumb up 0 Thumb down 0
 

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