Honda Malaysia has announced new prices of its models following the government’s reimplementation of the sales and service tax (SST) effective September 1. The new prices are inclusive of the 10% sales tax imposed on motor vehicles.
Like Perodua, the prices for Honda’s completely knocked-down (CKD) model range are all cheaper with SST than prices inclusive of the 6% goods and services tax (GST), which was zero-rated in June. The on-the-road prices of the Jazz, BR-V, City, Civic, CR-V and Accord are down by 0.5 to 3.1% with SST compared to that with GST.
The CR-V 1.5 TC 4WD features the biggest price adjustment, being RM4,868 cheaper with SST (RM156,732) compared to with GST (RM161,600), but it’s the Jazz 1.5 S that shows the largest percentage gain, 3.13% cheaper now than with GST in place.
Two models, however, see a price increase, though they are both CBU imports – the Odyssey 2.4 EXV and Civic Type R are now RM4,096 and RM10,002 more compared to their GST inclusive prices.
Both the Jazz Hybrid and City Hybrid are not in the new price list, the reason being that their pricing has not been finalised, pending government approval. As for the HR-V, it’s not on the list because the facelift will be introduced shortly, and its price has not been revealed. Elsewhere, the company added that after-sales services will be subjected to a 6% service tax for labour charges.
So, with two companies having released prices with SST in place, the trend is pointing towards cars being cheaper as a result of moving away from GST, at least where local assembly is concerned, essentially baulking the forecast made by the Malaysian Automotive Association (MAA) that car prices would increase with the introduction of SST.
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AI-generated Summary ✨
Comments largely express satisfaction with the recent price reductions for Honda models following SST implementation, with many noting that the lower prices are due to fewer features or local content adjustments. Several users share positive experiences about Honda's reliability, contrasting it with negative opinions about other brands or the first batch of Honda cars experiencing issues. Some comments discuss the impact of SST on car pricing structures, explaining that SST affects the manufacturing or import process differently than GST, leading to overall lower prices. There is skepticism about the transparency of pricing calculations, with some wondering if Honda is absorbing the SST difference or planning future price hikes. Off-topic debates and complaints about quality issues are present but less prominent compared to the overall focus on price movements and model reliability.