2020 SST exemption: New Volvo price list announced – up to RM23,078 or 6.52% cheaper until December 31

2020 SST exemption: New Volvo price list announced – up to RM23,078 or 6.52% cheaper until December 31

Volvo Car Malaysia (VCM) is next to announce its updated price list, following the government’s announcement to drop the sales tax (SST) for cars through the implementation of a 100% sales tax exemption on locally-assembled (CKD) models and 50% on fully-imported (CBU) models until the end of the year.

With the entire Volvo line-up in Malaysia being CKD models – the latest member being the S60 – savings from the SST exemption can be seen across the board, and the new prices will be in effect from June 15 to December 31, 2020. “We fully welcome the introduction of the sales tax holiday and are grateful for the opportunity to pass on the full benefits to our customers,” said Nalin Jain, managing director of VCM.

“The incentive comes at an opportune time especially as the nation and the auto sector look towards recovery, onward from challenges brought on by the pause in business operations. We are hopeful that the reduced-price tags will encourage car buyers to invest in a car built with safety in mind and in the short-term period, recharge the automotive industry in Malaysia,” he added.

2020 SST exemption: New Volvo price list announced – up to RM23,078 or 6.52% cheaper until December 31

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On a model-to-model basis, the XC40 T5 R-Design will be priced at RM241,450 from June 15, which is RM14,438 (or 5.64%) less than the SST-inclusive RM255,888 price tag. Higher up, the XC60 range from the T5 Momentum to the T8 Inscription Plus sees savings of up RM19,478 or 6.52%, while for the larger XC90 that has the same variant offerings, it is up to RM23,078 or 6.17%.

As for the Volvo sedans, the S60 T8 R-Design will retail at RM282,540, which is RM13,348 (or 4.51%) less than its initial launch price of RM295,888. Meanwhile, the S90 in all three guises – T5 Momentum, T8 Inscription and T8 Inscription Plus – sees savings of as much as RM19,258 or up to 5.68%.

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Gerard Lye

Originating from the corporate world with a background in finance and economics, Gerard’s strong love for cars led him to take the plunge into the automotive media industry. It was only then did he realise that there are more things to a car than just horsepower count.

 

Comments

  • (Like) Volvo XC40 240k
    (Dislike) Toyota Rav4 215k

    Like or Dislike: Thumb up 30 Thumb down 11
    • Msia driver on Jun 12, 2020 at 8:00 pm

      DOA for RAV4
      XC40 far more advance in term of every spec

      Like or Dislike: Thumb up 3 Thumb down 2
  • Ben Yap on Jun 12, 2020 at 4:20 pm

    volvo XC40 is a better buy than RAV4.

    Like or Dislike: Thumb up 5 Thumb down 4
  • Volvo is the only one closest to giving the full 10% sales tax exemption discount.

    Like or Dislike: Thumb up 8 Thumb down 0
  • vivizurianti on Jun 12, 2020 at 6:20 pm

    This is the car all Uni graduate to buy, to drive to work. Safe, steady, handsome, stylish. etc. Price so attractive, parents should be pleased and happy.

    Like or Dislike: Thumb up 1 Thumb down 2
 

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