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Car prices may rise due to the weak Malaysian currency, rising raw materials and shortage of on-board chips!
According to the Malaysian Automobile Dealers Association (MAA), car manufacturers may be forced to raise car prices as a result of cost increases. At present, Malaysian car manufacturers have not yet decided whether to raise car prices or absorb the costs.
The strong US dollar has led to a weakening of emerging market currencies and the Malaysian dollar has hit a 2-year low against the US dollar. The post-epidemic era and the war between Russia and Ukraine have led to the increase of raw material prices and the shortage of on-board chips, all of which are problems that car manufacturers are facing now.
Proton noted that it is still trying to absorb the cost of raw materials to maintain the competitiveness of domestic cars. However, if the situation deteriorates further, Proton does not rule out the possibility of transferring some of the costs to consumers.
The sales tax exemption for cars is expected to end on June 30, when the sales tax will be reinstated on car prices, which will definitely increase. Many people are rushing to place orders before June 30, which has led to the current situation of full orders from various car manufacturers.
It is understood that Toyota (Toyota) of popular cars such as Vios and Yaris orders have been scheduled to July this year. As for Proton (Proton) popular models such as Proton X50 and Proton Saga orders have also been scheduled to July or August.
