Now our government decided to let fuel price go fluctuated, and we will be suffering like hell for all these price rise. What about our new car prices?
As we all know Malaysian are one of the richest in the world because with such low average income we can affort to buy one of the highest price car in the world. Malaysia is probably paying one of the highest price for cars like Mercedes, BMW, Audi, Honda, Toyota etc because these cars costs just a fraction of what it costs here if we comparing dollar to dollar.
Some one said a country's car price is high when they are enjoying a fuel subsidy, Malaysia is one of those country. Countries like Singapore, Thailand and Hong Kong, their car prices is very low considering their average income. So is it time for Malaysia to totally scrap all the vehicle import duty and the nonsense excise duty? Fuel subsidy already been reduced significantly now and it should be enough to cover for the car prices.
When compare, Malaysian averaging earn around USD 6k++ per annum, which equivalent to around RM 20k if not mistaken.. Yet we could affort to buy imported cars that costs in the region of RM 100k+
For example, when I was in UK, averaging annual income is around GBP 24,000, which is in the region of RM 156,000 per annum. Their normal car prices are within the range from GBP 8,000 to GBP 13,000. That's lower than their annual income, and for a Merc C200K will only costs under GBP 20,000. What about Malaysia? For C200K, it will costs a whopping RM 250,000++ for a CKD car. How much would it costs if it's CBU?
That mean a person averaging income of RM 55,000 per year can hardly, if not impossible to think of driving a luxury car. They would be having difficulties as well just to own a RM100,000++ car.
So what do you think now that fuel price has gone up significantly, should our vehicle price to be reduce significantly as well or we still have to pay for sky high car prices as well as sky high fuel prices?
13 years ago
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