KUALA LUMPUR: Edaran Tan Chong Motor Sdn Bhd, the sole distributor and assembler of Nissan vehicles in Malaysia, said cars may bemore expensive when the Sales and Services Tax (SST) is reintroduced.
According to its sales and marketing director Christopher Tan, the industry could see higher car prices if the return of SST is based on the previous calculation formula in the Service Tax Regulations 1975.
"If you look at the prices from three years ago, during the transition from SST to Goods and Services Tax (GST), the prices of vehicles came down a bit," said Tan during a press conference after the all-new Nissan Serena launching ceremony.
One of the manifesto promises of the Pakatan Harapan (PH) government was to replace the GST with SST within 100 days of winning the 14th General Election.
Tan said all Nissan models purchased this month are entitled for the Nissan Price Protection Promise, where customers will be reimbursed the difference between GST and SST, if the vehicle's price is cheaper after implementation. The protection programme is valid until the new government resolves the GST and SST matter.
"We should not put ourselves in a 100-day wait-and-see attitude. That will be very devastating to the industry. It is not just cars, we are talking about houses, trucks, tractors, consumables and many more.
"I am very confident that the new government will look into this. I understand they are already having meetings on this matter, as this is the top priority," Tan said.
The company launched the all-new 2.0L Nissan Serena S-Hybrid with a starting price of RM135,500 inclusive of GST but excluding insurance. It is covered by a 5-year unlimited mileage warranty and 3-year or 60,000 km which ever comes first maintenance service promotion.