Last week, the Government announced a 100% sales tax exemption on Completely Knocked Down (CKD) vehicles and a 50% sales tax exemption for Completely Built Up (CBU) vehicles until the end of the year.
In line with that, Perodua has released a statement that its model prices (on-the-road without insurance) will be reduced between 3% to 6% until 14th of June 2020.
Although the tax reduction will only come into effect on the 15th of June, Perodua will begin offering cash rebates beginning today. From 15th of June onwards, the company will incorporate the new prices accordingly.
“Despite the tax reduction only becoming effective 15 June 2020, Perodua will offer cash rebates between 3% and 6% for the purchase of our vehicles beginning today,” Perodua President and CEO, Dato’ Zainal Abidin Ahmad said.
“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 amount of cash rebates and the full price list that will be effective on the 15th of June,” he added.”
Last week, the company announced that it sold 7,886 vehicles in May alone with the Myvi being their best-selling model. As of the first five months of 2020, the company has sold 52,090 new vehicles.
All current Perodua models have over 90% local content and last year, the carmaker purchased RM5.4 billion worth of components from Malaysian suppliers.
“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 in this difficult time, we are cautiously optimistic that this will spur new car sales,” Dato’ Zainal Abidin Ahmad said.
