Volvo Reduces Prices by up to 7 percent
Kuala Lumpur – 27 March 2006: In the wake of the NAP anouncement by the government, Volvo has slashed its prices due to savings as a result of the new policy.
In a press statement released by Volvo, Ms How Wei Thing, Managing Director of Volvo Cars Malaysia said,”“This translates to immediate savings for our customers as we are applying the new prices to our existing stocks.”
“We are very happy with the National Automotive Policy as not only will it further develop the Malaysian automotive industry but benefit the consumers as well. Our customers have much to gain from the savings in the new reduced tax, making owning a Volvo much easier” added How.
Besides the immediate savings on Volvo cars, customers will be relieved to know that the price for Volvo’s best selling multiple award-winning SUV, the XC90, will not increase although the industry expects prices of MPV, 4WD vehicles and SUVs to go up under the new tax structure.
Volvo will now also look into export opportunities from its plant in Malaysia with the reduction of the ASEAN CEPT import duty for motor vehicles to 5% under the National Automotive Policy as participating ASEAN member countries should accord full reciprocation to Malaysian assembled cars as well.
The whole Volvo range is available nationwide at dealers of Volvo Cars – Federal Auto Cars Sdn Bhd and Swedish Marque Sdn Bhd.
