Tuesday, August 21, 2012

Random Notes form Singapore 2 : Auto News

Here is an auto-industry udpate from this part of the world !

Malaysia's opposition party, PKR, riding on the public dissatisfaction over high car prices, have started a campaign for lower levies !! 

Private vehicles make up one of the largest components of retail finance.  
Car-buyers are forced to avail high loan amount against a 'small/cheap car' !

RM 6 to 7 billion is collected annually from car related levies, customs/excise, etc. That is a critical source of govt revenue. 

Is lower taxes the real solution ? 
The primary problem is not high taxes, but seemingly an inadequate, inefficient public transport. 

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