News Room - Business/Economics

Posted on 17 Apr 2015

BMW lowers car prices thanks to GST

BMW Group Malaysia is revising the prices of all BMW and MINI vehicles lower by up to 1.9% as well as BMW Motorrad to be lower by up to 18% to transfer the benefits gained from the implementation of the GST to its customers.

The German premium automaker delivered 1,729 BMW, Mini and Motorrad vehicles in the first quarter of 2015.

"This performance is in tandem with what we have observed in the Malaysian auto industry due to over speculation on pricing post-GST," managing director and CEO Alan Harris said in a statement yesterday.

The company yesterday launched the BMW World Malaysia, a three-day exhibition featuring six new vehicles from the BMW Group brands, namely BMW, Mini and BMW Motorrad, as well as experiential landmark concept vehicles for the first time in Asia.

Open to the public from April 17-19, the BMW World Malaysia will feature the largest display of premium automobiles, represented by the BMW Group, including the introduction of the BMW 2 Series Active Tourer, BMW X6, BMWi and BMWi8.

Harris added that the opening of the BMW World in Malaysia sets an unprecedented standard in the Malaysian automotive industry and will further solidify the company's position as the leading premium car brand in the country.