Perodua trims car prices by 3% to 6% from today

KUALA LUMPUR: Perodua will reduce its model prices (on-the-road excluding insurance) by between 3% and 6% via cash rebates until Sunday despite the fact car makers need only lower their prices from next Monday.

Perodua said today it would incorporate the new prices throughout the tax reduction period as recently announced by Prime Minister Tan Sri Muhyddin Yassin.

Perodua president and CEO Datuk Zainal Abidin Ahmad said despite the tax reduction only becoming effective next Monday, the company will “offer cash rebates between 3% and 6% for the purchase of our vehicles beginning today”.

“We want everyone to take this opportunity to own a Perodua without worrying about being left out. Please visit any Perodua sales outlet and speak to our authorised sales advisors for the total cash rebate amounts and the full price list that will be effective 15 June, ” he added.

Muhyiddin had on June 5 announced various measures and incentives to stimulate the economy amidst the ongoing Covid-19 crisis that has gripped the nation.

Among the incentives to help the automotive industry were a 100% sales tax exemption on new completely-knocked-down (CKD) vehicles and a 50% exemption for completely-built-up (CBU) vehicles until the end of the year.

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“Perodua fully supports the government’s move to fully exempt sales tax for the purchase of CKD cars until the end of the year to shore up the domestic economy,” Zainal said. Perodua’s current model range comprises the Myvi, Axia, Bezza, Aruz and Alza.

“This move to fully exempt CKD cars from sales tax is a confidence boost for the automotive industry – not just for car buyers but the entire ecosystem of manufacturers, suppliers and dealers. Along with low financing rates at this difficult time, we are cautiously optimistic that this will spur new car sales, ” he added.

Perodua has sold 52,920 vehicles from January to May, or a 41% market share against an estimated year-to-date total industry volume of 129,401 units.

All current Perodua models have over 90% local content, and the carmaker had bought RM5.4bil worth of components from Malaysian suppliers last year.