Prices of 5 car makes drop after SST

by BERNAMA / TMR file pix

Several makes of cars including imported ones recorded a price reduction of up to RM3,000 after the implementation of the Sales and Services Tax (SST).

Finance Minister Lim Guan Eng, when announcing the matter, said the five makes are Perodua, Honda, Toyota, BMW and Volkswagen.

“I have received information that several makes of cars whose prices, when compared to the Goods and Services Tax (GST), are much lower.

“This is because we don’t collect as much (tax) compared to GST, the prices of goods can be flexible and it is also adopted by the government to ensure prosperity for the people,” he told reporters at a press conference in Georgetown yesterday.

Lim said the price of a Perodua Axia after the implementation of SST is RM40,390 compared to RM41,497, a drop of RM1,107 during the imposition of GST.

“For the Myvi 1.5L model, the price is now RM54,090 compared to RM55,300; Honda Jazz 1.5L is now priced at RM83,633 (previously RM85,750); Toyota Vios RM93,200 against RM93,980 previously, while the Volkswagen Polo is only RM74,900 compared to the price of RM76,888 with GST,” he added.

Besides the five makes of vehicles, Lim said the BMW 118i model also sees a price drop of RM3,000 to RM185,800 from RM188,800. — Bernama