Comparison of machine prices inwards Germany, UK, USA as well as Malaysia

Most people know that cars inwards Malaysia are expensive in addition to blame it on the import duties imposed yesteryear the Malaysian Government on imported models inwards firm to protect the local motorcar industry. However, I am a fighting curious how they came upward with prices for Mercedes Benz cars imported into Malaysia equally Completely Built Up (CBU) units.

Let us compare the showroom prices of the Mercedes Benz E300 Coupé inwards 4 dissimilar countries including Malaysia.

Federal Republic of Federal Republic of Germany (Home Country): 54,740 Euros (Approx. RM 257,950)

UK: £41,025.00 (Approx. RM 230,930)

US: $52,150 (Approx. RM229,355). Considered the entry storey due east storey inwards the US.

Malaysia: (CBU only) RM458,888

Interestingly, the model is cheaper inwards both the USA in addition to the UK. It is the cheapest inwards the US, in addition to most expensive inwards Malaysia with the 4 countries. Please allow me know if the specs differ for the models sold inwards dissimilar counties other than the side inwards which the steering bike is placed.

In Malaysia, import duty = 30% for CBUS. Please banknote that this is on the mill cost in addition to non the showroom price.

Excise duty (1,991cc) = 80%

Sales Tax = 10%

The cost seems a fighting inflated fifty-fifty with all the taxes inwards Malaysia.

However, what is surprising is that concluding yr Mercedes-Benz Malaysia posted an all-time tape sales of 11,779 units. While other auto motorcar makers are suffering, they truly recorded an 9% growth inwards sales (10,845 units sold inwards 2015). In fact, Malaysia has the highest sales of luxury cars inwards ASEAN, much higher than either Thailand or Republic of Indonesia which has much larger populations.

This is amazing when you lot consider that the per capita income inwards Malaysia was most RM36,000 inwards 2015. Compare that with the per capita income inwards the USA which was most $30,240 (RM132,965) based on the USA Census Bureau inwards 2015. This indicates that nosotros cannot approximate the marketplace size on overall population size or per capita incomes. It is real of import to position in addition to examine your target segments.

Note: Mercedes-Benz USA too recorded the highest annual book inwards the Country's history at 380,461 units sold inwards 2015.