Mitsubishi Motors Malaysia announces price hike across range – 2 to 7% increases for all models in 2016

2015 mirage 08

Mitsubishi Motors Malaysia (MMM) has announced a price hike for all its models, set to take effect come the first quarter of 2016.

The company cited the depreciation of the Malaysian ringgit as the sole reason for the 2% to 7% increase, that will soon affect all its models.

Mitsubishi’s chief executive officer, Yang Won-Chul, said that, “despite all adversities, rest assured that MMM will continue to offer attractive on-going deals and promotions for our customers. MMM remains committed to provide all Malaysians with a pleasant ownership and value-for-money cars.”

The company also mentioned that should the value of the ringgit start to appreciate and stabilise, its company will review its pricing structure again.

Currently, Mitsubishi’s local range consists of eight models, ranging from the B-segment RM60,199 Mitsubishi Mirage, to the RM291,177 Mitsubishi Pajero SUV. Do note that these prices are before the implementation of the 2% to 7% increase.

Similarly, Toyota, Lexus and Honda have also confirmed price hikes for their models, due to take effect come January 2016. We’ve also reported that Nissan and BMW are on the verge of doing the same, while Mazda confirmed in mid October that it would be maintaining its current prices for now.

Mercedes-Benz Malaysia is another company that has been able to maintain its model’s prices amidst the times. Going one better, MBM even announced a price reduction for its entire C-Class range, having benefitted from customised EEV incentives from the government.

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Chris Aaron

With an equal passion for fast cars and everyday workhorses, Chris Aaron maintains a passion for European makes, Formula 1, playing the electric guitar and spending endless hours on the PlayStation - first-person shooters and the Gran Turismo franchise are his favourites. He also finds it strange to have written this in the third person.

 

Comments

  • medic on Nov 04, 2015 at 1:27 pm

    Everything is going up,except salary.Come GE 14 time to rid of Barang Naik gomen.

    Like or Dislike: Thumb up 34 Thumb down 1
  • Rulered on Nov 04, 2015 at 2:11 pm

    Good luck to Malaysian car sales 2016!

    Like or Dislike: Thumb up 18 Thumb down 1
  • iampro on Nov 04, 2015 at 4:03 pm

    lol MMM sales already drop so bad this year. hahaha. wait die.

    Like or Dislike: Thumb up 11 Thumb down 2
  • KeepYourCash on Nov 04, 2015 at 6:12 pm

    Many economists are predicting the next two years are going to be worse than 2015. When people struggle to find $$$ to pay off debts. How can their afford to buy new car, price increase so more. Well, good luck to car dealers in MYS. Perhaps fool people by giving 20k rebate.

    Like or Dislike: Thumb up 6 Thumb down 0
  • Tadalaku on Nov 04, 2015 at 9:24 pm

    my frens working at new car dealers across the nation are already bracing themselves for 2016. Many branches will be closed off, and smaller SC will be “closed” and services will be referred to the main SC…

    Sales are dipping, and will dip more.
    Good luck Mitsubishi Malaysia, for your price hike. Nobody will be touching your cars anytime soon. Your sales ppl will soon have time to chit chat and play games on their phones during office hours….

    Like or Dislike: Thumb up 3 Thumb down 2
 

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