Car prices: Haven’t we sacrificed enough already
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The prices of cars in Malaysia as opposed to our income is just mind-boggling.
I am a auto enthusiast but have been forced to drive second-hand cars as like many Malaysians. I just cannot come to terms to pay such unrealistic prices for cars.
In 1986, a Toyota Corrolla or Honda Civic only cost RM25,000 – RM28,000. In the early 1990s, the prices rose to RM50,000.
By mid 1990s, it was about RM80,000 and by 2000 it had breached RM100,000. A 1.8 sedan now costs RM110,000.A similar car in Thailand is RM20,000 to RM250,000 cheaper.
The increase of car prices in Malaysia over the past 25 years was caused mainly by the protectionist policy the government had towards the local automotive industry. But surely after 25 years, it is time to dismantle such policies and let the rakyat enjoy their hard-earned income.
Can you imagine the impact to our economy if the prices of cars were to come down?.Haven’t we sacrificed enough for one man’s dream?
The government also stands to gain more income via various taxes should the sales of cars in Malaysia go up. The government shouldn’t only be thinking of taxes it is going to lose via the reduction of such tariffs.
In any event, the government should probably spread out the tax burden and not merely penalise car-buyers.
I have been following the national budget closely every year for the last 7-8 years hoping that taxes on cars would be reduced pursuant to the Afta but every year, I, like many Malaysians, was disappointed.
I hope that this year, we see some reduction in car prices so that the middle-class can also have something to cheer come Oct 23. In fact you (Umno) may even win yourself some much-needed votes in the process.
Towards a ‘1Malaysia’ and for auto enthusiasts too!
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