Prices of 5 car makes drop after SST implemented, says Guan Eng

Finance Minister Lim Guan Eng says several makes of cars recorded a price reduction of up to RM3,000. (File pic)

GEORGE TOWN: 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, in announcing this, said the five brands were Perodua, Honda, Toyota, BMW and Volkswagen.

“I have received information that the prices of several makes of cars are much lower compared to when the goods and services tax (GST) was implemented.

“This is because we don’t collect as much (tax) compared with the GST, the prices of goods can be flexible and it is also adopted by the government to ensure prosperity for the people,” he said here today.

Lim said the price of a Proton Axia car after the implementation of the SST was RM40,390 compared with RM41,497, a drop of RM1,107 from when the GST was imposed.

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

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