New prices for all UMW Toyota models in Malaysia, effective January 1, 2016 have been announced. As you can see in our table above, all models and variants (except for the Camry Hybrid) see an increase, ranging from RM3,170 to RM9,598. We’ve also included the official price lists of all models below.
The Vios range, for instance, goes up by 3.2% to 4.3%, while the Hilux line-up suffered the most, up between 5.8% to 8.6%. Only variant left unchanged is the Camry Hybrid, which retains its pricing into 2016.
Back in October 2015, UMW Toyota announced that its prices would go up come the new year, citing the sharp depreciation of the Malaysian ringgit against the US dollar. It was mentioned then that the hikes would be between 4% to 16%. Thankfully, however, the biggest increase now stands at 8.6%.
It’s also worth mentioning that the Toyota Alphard MPV has disappeared from the UMW Toyota website. Is this a sign that the new third-generation model will be introduced here soon?
Other than Toyota, new 2016 prices for three other makes have been unveiled so far – check out Honda, Peugeot and Kia.
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AI-generated Summary ✨
Comments express strong disappointment and frustration over UMW Toyota's price hikes affecting all models in Malaysia, with some suggesting the increases are driven by greed and inflation of profit margins. Many critics believe the price increases are unjustified given the quality and safety features of Toyota vehicles, especially when compared to competitors like Honda and Hyundai. There's sarcasm about how these hikes threaten Toyota’s market share, with some encouraging consumers to boycott or buy used cars instead. The sentiment is negative, with accusations of corruption, unfair business practices, and government cronyism contributing to the high prices. Several commenters highlight the impact on affordability, safety, and perceived value, indicating a widespread dissatisfaction among Malaysian consumers regarding the recent price adjustments.