Depreciation in Price of Secondhand Car

Before the 13th General Election, there was manifesto between Barisan Nasional and Pakatan Rakyat where BN planned to reduce car prices 20% -30% for the 5 year period prior to the 14th General Election (2018). While the PR with a promise to drop the price of cars by 20% every year for the last 5 years. Finally, BN managed to retain power and they recently announced policies and mechanisms to decrease in car prices 20% -30% as promised in the NAP 2014. Ther price drop between RM4000 to RM7000 per car.

There are 2 elements why the price of car high. There are money car excise Malaysia between 40% -105% and AP import authorizations are bringing in prefabricated cars (CBU) to Malaysia to a "special group". If both elements reduced, the price of car maybe can be less than before.