CKD car prices on-the-road remain unchanged this year – MAA

KUALA LUMPUR: The on-the-road (OTR) prices of completely knocked down (CKD) vehicles will remain unchanged this year, the Malaysian Automotive Association (MAA) announced today.

Its president, Datuk Aishah Ahmad said the government, through the Ministry of Finance (MoF), has decided to absorb the differences in OTR prices for certain models up to Dec 30.

“This is for models affected by the transparent open market valuation (OMV) calculation method, as outlined in the Customs Gazette P.U.A (402) dated Dec 31, 2019.

“Any increase in the OTR prices (for the models) would be fully absorbed or exempted by the MoF for this year and the difference in duties for past years will also be exempted, effective immediately,” she told a media briefing on the MAA 2019 market review and 2020 outlook here.

Aishah said auto companies have been asked to submit the OMV for the affected models to the Royal Malaysian Customs Department (RMCD) immediately.

“Further consultations will be done by the RMCD, the MoF and industry players to determine the transparent reporting of the OMV after 2020,” she added.

According to MAA’s calculations, the government will be absorbing up to RM33,000 a unit through the exercise.

Aishah also disclosed that the revised National Automotive Policy (NAP) will be announced in the first quarter of 2020.

“NAP 2020 is more or less approved. I was told that the Cabinet has endorsed it and it will be announced in the first quarter of 2020 by the prime minister. – Jan 22, 2020 Bernama

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