Bermaz bags Xpeng distributorship in Malaysia - premium EV brand likely to kick off local range with G6
Home News Buying Guides Volkswagen To Maintain Current Prices; Heavy Discounts To Stop Volkswagen To Maintain Current Prices; Heavy Discounts To Stop Buying Guides Kon | November 16, 2016 09:01 pm Prices of Volkswagen vehicles are set to remain at current levels for the foreseeable future, despite pressure from a considerably weakening Ringgit. This was confirmed by Mr Florian Steiner, MD of Volkswagen Passenger Cars Malaysia (VPCM).The Malaysian Ringgit’s value has been decreasing steadily against other major currencies for sometime now, with the recently-concluded US elections further jolting the exchange rate. Most local distributors in Malaysia pay for stocks from their principals in US Dollars, Euro, or the Japanese Yen. A sharp decline of the Ringgit against any of these currencies inevitably squeezes the margins of the local operators. Bermaz Motor recently confirmed that Mazda vehicles are set for a round of price hikes come January 2017.Speaking to the media at the official launch of the all-new Volkswagen Passat B8 for the Malaysian market, Mr Steiner also said that the days of Volkswagen dealers giving heavy five-figure discounts will be no more.“During festive seasons, there will be certain incentives given; but we definitely will not be seeing again price discounts of RM30,000 to RM40,000. Those will be out of the picture,” Steiner clarified.Under VPCM’s custody, the Volkswagen brand will look to refocus its attention to higher-specced cars such as the Passat rather than chase sheer volume as they did under the brand's previous management.Steiner said that VPCM is aiming for a steadier path of growth and is not currently looking to sell more than 10,000 cars annually.The Volkswagen franchise in Malaysia changed hands from Volkswagen Group Malaysia to Volkswagen Passenger Cars Malaysia in September. VPCM is operated by Austria-based automotive retail specialist Porsche Holdings Salzburg (PHS). Unrelated to car maker Porsche AG, PHS is Europe's largest multi-brand dealership dealing with a variety of car brands. It is present in 26 markets across Europe, China, Columbia, and Chile.2016 has been a busy year for Volkswagen in Malaysia. Besides the abovementioned change of management, the brand had also rejuvenated its core line-up of locally-assembled sedans, first refreshing the Polo Sedan to become the Vento, then facelifting the Jetta, and now launching the all-new Passat. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags volkswagen Print Related News More Than Just A Service Centre - First VW Technical Centre Opens Auto News Hans | June 30, 2015 Since November last year, Volkswagen Group Malaysia have been embarking on several initiatives to improve its customer satisfaction - starting with ... Volkswagen Shows Off 272PS 3-cylinder Engine with Electric Turbocharging Auto News Daniel Wong | June 27, 2015 Last week Audi showed to the world a 600PS TT concept car with an electric turbocharger, dropping hints that the technology onboard is close to ... Volkswagen Budget Car Family Confirmed For 2018 Launch Auto News Gerard | June 29, 2015 The Volkswagen Group plans to launch a new family of budget cars in 2018 which will cost between 8,000 to 11,000 euros (RM33,785 to RM46,455).This ... Volkswagen Malaysia Expands Its IBT Certified Sales Network Auto News Gerard | August 28, 2015 Volkswagen Malaysia announced that 58 of its sales consultants were recently awarded with the International Basic Training (IBT) certification. The ... Comments
Volkswagen To Maintain Current Prices; Heavy Discounts To Stop Buying Guides Kon | November 16, 2016 09:01 pm Prices of Volkswagen vehicles are set to remain at current levels for the foreseeable future, despite pressure from a considerably weakening Ringgit. This was confirmed by Mr Florian Steiner, MD of Volkswagen Passenger Cars Malaysia (VPCM).The Malaysian Ringgit’s value has been decreasing steadily against other major currencies for sometime now, with the recently-concluded US elections further jolting the exchange rate. Most local distributors in Malaysia pay for stocks from their principals in US Dollars, Euro, or the Japanese Yen. A sharp decline of the Ringgit against any of these currencies inevitably squeezes the margins of the local operators. Bermaz Motor recently confirmed that Mazda vehicles are set for a round of price hikes come January 2017.Speaking to the media at the official launch of the all-new Volkswagen Passat B8 for the Malaysian market, Mr Steiner also said that the days of Volkswagen dealers giving heavy five-figure discounts will be no more.“During festive seasons, there will be certain incentives given; but we definitely will not be seeing again price discounts of RM30,000 to RM40,000. Those will be out of the picture,” Steiner clarified.Under VPCM’s custody, the Volkswagen brand will look to refocus its attention to higher-specced cars such as the Passat rather than chase sheer volume as they did under the brand's previous management.Steiner said that VPCM is aiming for a steadier path of growth and is not currently looking to sell more than 10,000 cars annually.The Volkswagen franchise in Malaysia changed hands from Volkswagen Group Malaysia to Volkswagen Passenger Cars Malaysia in September. VPCM is operated by Austria-based automotive retail specialist Porsche Holdings Salzburg (PHS). Unrelated to car maker Porsche AG, PHS is Europe's largest multi-brand dealership dealing with a variety of car brands. It is present in 26 markets across Europe, China, Columbia, and Chile.2016 has been a busy year for Volkswagen in Malaysia. Besides the abovementioned change of management, the brand had also rejuvenated its core line-up of locally-assembled sedans, first refreshing the Polo Sedan to become the Vento, then facelifting the Jetta, and now launching the all-new Passat. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags volkswagen
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
More Than Just A Service Centre - First VW Technical Centre Opens Auto News Hans | June 30, 2015 Since November last year, Volkswagen Group Malaysia have been embarking on several initiatives to improve its customer satisfaction - starting with ...
Volkswagen Shows Off 272PS 3-cylinder Engine with Electric Turbocharging Auto News Daniel Wong | June 27, 2015 Last week Audi showed to the world a 600PS TT concept car with an electric turbocharger, dropping hints that the technology onboard is close to ...
Volkswagen Budget Car Family Confirmed For 2018 Launch Auto News Gerard | June 29, 2015 The Volkswagen Group plans to launch a new family of budget cars in 2018 which will cost between 8,000 to 11,000 euros (RM33,785 to RM46,455).This ...
Volkswagen Malaysia Expands Its IBT Certified Sales Network Auto News Gerard | August 28, 2015 Volkswagen Malaysia announced that 58 of its sales consultants were recently awarded with the International Basic Training (IBT) certification. The ...