Published on June 23rd, 2020 | by Hammer0
Sime Darby Car Sales Boom Due To Sales Tax Waiver
Coming fresh off the heels of the government’s Tax Waiver announcement to a 100% reduction in the sales tax for locally assembled (CKD) cars and providing a 50% sales tax reduction from 10% to 5% for imported (CBU) cars in their Short-term Economic Recovery Plan (PENJANA), various automakers have experience a fresh boom in car sales after months of historically low sales during the MCO period.
With these sales tax reductions, Malaysians are now picking up brand new motors for a steal. However, it goes without saying that it is the buyers of premium marques stand to save the most during this period, with Porsche and Mercedes-Benz slashing prices of up to RM50,000 off the list price of their products.
This results significant uptick in demand experienced by Sime Darby Motors, which represents mid-tier to premium marques such as BMW, MINI, Motorrad, Volvo, Jaguar, Land Rover, Porsche, Ford, and Hyundai.
The sales boom experienced by Sime Darby Motors could also be attributed to the newly launched Corporate Program, in which fleet customers are offered discounts of up to 10% from the sale price of the vehicle when they purchase a minimum of two vehicles from Sime Darby Motors. When applied in conjunction with the sales Tax Waiver, this program affords fleet members to enjoy massive savings on their new cars during this period.
PRESS RELEASE: With the announcement of the government’s Pelan Jana Semula Ekonomi (PENJANA) stimulus package with a Tax Waiver aimed at propelling Malaysia’s economic recovery, Sime Darby Motors, through its retail and distribution arm, witnessed a boom in demand for its vehicles and is appreciative to the Malaysian government on this initiative.
Sime Darby Motors is currently represented by its 27 branches retailing BMW, MINI, Motorrad, Volvo, Jaguar, Land Rover, Porsche, Ford, and Hyundai vehicles, as well as Sime Darby Auto Selection, which retails quality pre-owned cars.
In its effort to be the preferred mobility partner, Sime Darby Motors recently launched its Corporate Programme. The programme entitles a company, its directors, employees and their spouses to enjoy fleet membership entitlement, which includes discounts of up to 10% from a vehicle’s Recommended Retail Price (“RPP”) depending on the brand and model, when they purchase a minimum of two vehicles from Sime Darby Motors.
Sime Darby Motors has also invested over RM560 million in building the first of its kind auto mall in the region known as Sime Darby Motors City located at Ara Damansara. Visit any of Sime Darby Motors branches today to secure your dream cars while stocks last.