30 Jan '15, 7am

New car prices dropped 7% on average last year, 20% reduction on average by end-2017 targeted – MITI

You must be joking. Do you think Malaysians are stupid? Compared what we earn, car prices are very expensive. We earn little because corruption has caused the country to be a low paying country. Look at Singapore, GDP per Capita is 5x more than Malaysia. What this means is that if Mr X is earning RM5000 in Malaysia, the same person, doing the same job in Singapore, earns RM25,000. Oh, btw, a BMW 528i in Malaysia is RM420,000. In Singapore, it is SGD250,000. Where do you think car is cheaper than? Come on MITI, stop being like MAI and play with figures and try to cheat Malaysians. Our cars are still 3x the global prices for cars. Toyota Camry 2.5 CBU in the US with 9 airbags and CBU Japan is sold for US$22,000. In Malaysia, the same car with 2 airbags and lower spec and CKD Made in Malaysia, is sold for RM180,000. So, what lies are you telling us? Where is Najib’s promise? ...

Full article: http://paultan.org/2015/01/30/car-prices-down-7-percent-a...

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