Perodua Car Prices Drop Between 3% and 6%
Perodua will reduce its model prices (on-the-road excluding insurance) by between 3% and 6% via cash rebates until 14 June 2020 and will incorporate the new prices throughout the tax reduction period as recently announced by the Prime Minister.
“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 Chief Executive Officer, 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 cash rebate amounts and the full price list that will be effective 15 June,” he added.
In his Economic Recovery Plan address on 5 June, Malaysian Prime Minister YAB Tan Sri Muhyiddin Yassin announced various measures and incentives to stimulate the economy amidst the ongoing COVID-19 crisis that has gripped the nation.
Among the incentives to assist the automotive industry are 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.
Perodua’s current model range comprises the Myvi, Axia, Bezza, Aruz and Alza.
To date, Perodua has sold 52,920 vehicles as of the first five months of 2020, giving it 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 last year, the carmaker purchased RM5.4 billion worth of components from Malaysian suppliers.