After SST exemption ends, how much will prices of Toyota cars increase in Malaysia?

CY Foong · Apr 27, 2021 05:30 PM

After SST exemption ends, how much will prices of Toyota cars increase in Malaysia? 01

Last year in June, the government announced a decision to place sales tax (SST) exemption for cars – cut sales tax on CKD cars, while offering 50% sales tax discount for CBU models as part of the Penjana stimulus package.

After SST exemption ends, how much will prices of Toyota cars increase in Malaysia? 02

It was supposed to last until 31-December 2020 but in a twist that brought mixed reactions in the local automotive industry, the Ministry of Finance extended the exemption to 30-June 2021.

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So, if you’re interested to buy a new car, now might be the right time to take advantage of the sales tax discounts. In this article, we will focus on Toyota but do note that some prices inclusive of SST are estimates unless stated otherwise.

Trade in User's Car Form

After SST exemption ends, how much will prices of Toyota cars increase in Malaysia? 04

The following table shows the current prices without SST (valid until 30-June 2021) and the estimated price increase in percentage with SST. Certain models and variants were launched after the SST exemption was announced, so those prices will remain TBC until official announcements are made.

Toyota prices under Penjana scheme
Models Prices before 30-June Est price increase
Yaris 1.5 J RM 70,940 +1.9%
Yaris 1.5 E RM 80,380 +1.8%
Yaris 1.5 G RM 84,808 +1.7%
Vios 1.5 J RM 74,623 +1.4%
Vios 1.5 E RM 82,593 +1.4%
Vios 1.5 G RM 87,584 +1.3%
Vios 1.5 GR-S RM 95,284 TBC
Innova 2.0 E RM 111,622 +4.6%
Innova 2.0 G RM 121,483 +4.9%
Innova 2.0 X RM 129,677 +4%
Fortuner 2.4* RM 167,357 +5.4%
Fortuner 2.7 SRZ RM 172,244 +4.8%
Fortuner 2.8 VRZ RM 203,183 TBC

 *Only available in East Malaysia

After SST exemption ends, how much will prices of Toyota cars increase in Malaysia? 05

Toyota prices under Penjana scheme
Models Prices before 30-June Prices after 30-June*
Rush 1.5 S RM 88,314 RM 93,000
Rush 1.5 G RM 91,885 RM 97,000
Camry 2.5 V RM 188,763 RM 196,888
RAV4 2.5L RM 215,665 RM 223,880
Corolla Altis 1.8 E RM 123,972 RM 128,888
Corolla Altis 1.8 G RM 134,505 RM 139,888
Avanza 1.5 E RM 77,963 RM 80,888
Avanza 1.5 S RM 80,845 RM 83,888
Avanza 1.5 S+ RM 84,845 RM 87,888
Alphard 3.5L RM 446,609 RM 464,000
Vellfire 2.5L RM 367,881 RM 382,300

*Prices shown are estimates. Post-SST prices would not necessarily be the same as the 2020 pre-SST prices.

Value User's Car

After SST exemption ends, how much will prices of Toyota cars increase in Malaysia? 06

Toyota prices under Penjana scheme
Models Prices before 30-June Prices after 30-June
Harrier 2.0 Luxury RM 249,707 TBC
Corolla Cross 1.8 G RM 124,000 RM 128,000
Corolla Cross 1.8 V NA** RM 134,000

*Deliveries of the Toyota Corolla Cross 1.8 V variant will only begin after July, well passing the SST exemption period.

Also read: Priced from RM 124k, Toyota Corolla Cross launched in Malaysia, full ADAS, 3D 360-deg cam, TNGA

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Meanwhile, prices of pick-up trucks and commercial vehicles such as the Toyota Hilux and Hiace are not eligible for SST exemption. As such, their prices remain unchanged.

Toyota model prices
Models Price
Hilux Single Cab 2.4 MT RM 92,880
Hilux Double Cab 2.4 G MT RM 111,880
Hilux Double Cab 2.4 E AT RM 108,880
Hilux Double Cab 2.4 V AT RM 133,880
Hilux Double Cab 2.8 Rogue RM 146,880
Hiace Panel Van 2.5 TD RM 103,000

So, those are some of the prices before and after 30-June. As mentioned earlier in the article, some prices are just estimates and we will update the article as official announcements are made by UMW Toyota Motor (UMWT).

Furthermore, the supply of some models would be tight due to the chip supply shortage. Vehicles must also be registered on or before 30-June to enjoy the SST exemption.

Also read: After MCO, chip supply shortage is slowing car production in Malaysia

After SST exemption ends, how much will prices of Toyota cars increase in Malaysia? 08

 

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Up to 20% higher than average trade-in price

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