Unless I failed my Standard ONE Mathematics, I can't really arrive at a figure that tallies with the purported "target price" by high end analysts from OSK in today's Star newspaper which anticipates that the Civic Hybrid will be about RM 120k down from the current 160k!
Here's my MATH:
ACTUAL Value: (A) = 63,205.12
100% import duty: (B = A*100%) = 63,205.12
50% excise duty: (C = A*50%) = 31,602.56
Selling price: (D = A+B+C) = 158,012.80
So, how on earth did they come up with 120k? If that were the ACTUAL value, then the Selling price would have been = RM 300k!
Even fellas like Premier Hybrid Cars Sdn Bhd "feel" that it would be about only 5% less than the CONVENTIONAL 1.8l model at RM 113k!
I don't mind booking one for about RM 65-70k. But if the profit margin is going to be about 100% then it's going to be ridiculous.
From further analysis, there are no more than a dozen HYBRID car manufacturers in the world as can be seen here.
From this "clean" dozen, only a third has the potential to make its inroads into our shores.
All these are from the Japanese camp, being: Honda, Mazda, Nissan and Toyota.
The rest are mostly Americans and I strongly doubt they will create Right-Hand drive versions.
Since the government is only providing concessions to vehicles with 2 litres and below, the Lexus 400rh doesn't make the cut due to its gargantuan 4 litre engine. So much for luxury 4WD.
The USD pricing for the "4 heavenly gods" can be seen from the following links:
Honda Civic, Mazda Tribute, Nissan Altima and Toyota Prius.
I would strongly invite any person who can use a calculator to prove my calculation wrong!
