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BMW cars enjoy major price reductions with the 0% GST Rate

INGRESS Auto Puchong, BMW’s authorised distributor in Malaysia, has received  a significant increase in bookings ever since the government decided to implement a 0% GST rate taking effect since the 1st of June.

 

Mohd Azeman, Principal Dealer Ingress Auto Puchong, said, “The most significant reason for the rise in BMW model bookings is the vast price reduction after applying the 0% GST Rate”.

An example he quoted is the price difference for the BMW X5 Hybrid that used to have a price tag of RM388,800 but has not dropped to RM366,000 after the revised GST rate. Similar reductions is seen with the BMW X1 model which now sells at RM216,000 as opposed to its previous price of RM230,000.

“Bookings for the BMW X1 and 3 Series have gone up by 20 and 50 percent respectively upon the implementation of the 0% GST rate”, he said in a interview during a Buka Puasa event with customers organized by Ingress Auto Puchong yesterday.

 

The Buka Puasa function began at 7pm and went on till midnight. The social event was in tune with the current festive season and was open for all customers reaching nearly 200 people.

 

Mohd Azeman also said that in regard to the Hari Raya Aidilfitri  that draws close, Ingress Auto Puchong will be offering many attractive giveaways such as ‘Duit Raya from RM5000’, free petrol card that is worth RM500, BMW Advanced Car Eye Camera and Coating & Tinting package worth up to RM2500, and many more for BMW car buyers up to 30th June 2018.

 

He is expecting vehicle sales to be on a steady rise between the months of June and August as compared to other months thanks mainly to the outcome of the recent 14th General Election.

He went on to say that Ingress Auto Puchong will increase their targeted sales  projections from 320 to 360 units for multiple available models.

 

Mohd Azeman said that the 0% GST rate not only affects vehicle sales but also other automotive services such as spare parts, maintenance, and accessories.