Please find the attachment of CRAM – Notice of EXCO Meeting and Minutes 25.10.2018 your information.

CRAM-Notice of EXCO Meeting and Minutes 25.10.2018

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Please find the attachment of ISU-ISU BERKAITAN INDUSTRI SEWA KERETA YANG DI TAMPILKAN OF CARRENTAL ASSOCIATION MALAYSIA (CRAM) your information.

ISU-ISU BERKAITAN INDUSTRI SEWA KERETA YANG DI TAMPILKAN OF CARRENTAL ASSOCIATION MALAYSIA (CRAM)

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cram-press-release

Please find the attachment regard Insurance Coverage and Premiums for Car Rental Industry for your information.

INSURANCE COVERAGE & PREMIUMS FOR CAR RENTAL INDUSTRY

The national news agency quoted Ford’s marketing director for Malaysia and Asia Pacific emerging markets, David Westerman, as saying that the company will not speculate on the potential impact of GST and other government policies.

“We’ll have to wait and see. Like other businesses, we regularly review pricing,” he said. “The implementation (of GST) will not change our plan to continue introducing vehicles that offer value for money by delivering best-in-class combinations of quality, performance, smart technologies, safety and fuel economy.”

Westerman added that the company supported policies that were simple, transparent and did not provide competitive advantages or disadvantages among brands.

Ford has previously confirmed that it would be bringing in three new cars this year – the Mondeo, the Everest and the Mustang. The last of these cars was previewed at Publika last week, and the Mondeo will be available for test drives starting at Bangsar Shopping Centre from April 1-11.

Four variants are available: 1.6 Elegance, 1.6 Executive, 1.6 Premium and 1.8 Premium. Externally, the base 1.6 Elegance gets 16-inch alloys covered in 205/55 tyres, chrome door handles, reflector headlamps, rear fog lamps, rear parking sensors and a black grille. Inside, you’ll find two airbags, a tilt-only steering wheel, fabric manual seats, keyless entry (without start), auto-down driver’s side window, manual air-con and a basic radio with CD, MP3, AUX and USB.

Moving up to the 1.6 Executive nets you front fog lamps and a dark chrome grille, while inside, you get a tilt-telescopic leather-wrapped steering wheel with FlexSteer (normal, comfort, sport), leather seats, a 3.4-inch OLED Supervision cluster, sliding console armrest, auto-down-and-up driver’s side window, keyless entry and start, auto lights, rear air-con vents, MirrorLink Audio Visual Receiver and a 6.2-inch touch-screen with DVD, AV input, AUX, USB, micro SD, Bluetooth and reverse camera display. Still two airbags, though.

Click to enlarge spec sheet (left)

Six airbags and projector headlamps with LED light guides begin at the 1.6 Premium, which is otherwise identical to the 1.6 Executive where specs are concerned. Finally, the range-topping 1.8 Premium boasts 10-spoke 17-inch alloys wrapped in 215/45 rubber, powered Nappa leather seats with lumbar function, auto wipers, an eight-inch touch-screen with navigation, cruise control, auto dual-zone air-con and front parking sensors.

This time round, the 1.8 Premium variant is no longer offered with a sunroof. All variants get ABS, ESC, VSM, hill assist, manual headlamp levelling, electric folding wing mirrors with LED indicators and steering wheel audio controls.

Thanks to reshaped front and rear bumpers, the Elantra facelift is 20 mm longer than its predecessor at 4,550 mm. New L-shaped fog lamp housings, too. Inside, the oddly-placed air-con vents on the pre-facelift car now sit higher in a more conventional position on the dashboard. The centre console now features a darker theme while the gear lever now has a leather gaiter.

Mechanically, status quo is maintained – the 1.6 litre Gamma soldiers on with 130 PS at 6,300 rpm and 157 Nm at 4,850 rpm, while the 1.8 litre Nu continues to produce 150 PS at 6,500 rpm and 178 Nm at 4,700 rpm. Both engines are connected to a six-speed auto – no manual option this time.

Locally-assembled (CKD) in Kulim, Kedah, the Hyundai Elantra MD facelift is priced at RM86,328 for the 1.6 Elegance, RM96,116 for the 1.6 Executive, RM100,986 for the 1.6 Premium and RM115,616 for the 1.8 Premium, OTR without insurance. Creamy White, Carbon Grey, Phantom Black, Sleek Silver and Tomato Red body colours are available.

Offered is a five-year, 300,000 km warranty and 24-hour road assist. If you buy the 1.8 Premium between March 5 and April 5, a free three-year, 60,000 km service (at 10,000 km intervals) will also be offered.

Since the 6% GST will supersede the existing 10% sales tax imposed on new vehicles, it’s easy to assume that car prices will drop by 4%. Simple enough equation, but as we’ve found out, that will not be case.

“Generally, I would expect a slight drop for new cars between 1-3%,” said Royal Malaysian Customs Department GST director Datuk Subromaniam Tholasy. Malaysian Automotive Association (MAA) president Datuk Aishah Ahmad, however, isn’t quite so optimistic. “I do know some brands, prices will go up. Not everybody comes down,” she told paultan.org.

Apart from car prices, we also discussed the impact GST will have on other corners of the industry, including used vehicles, pre-registered cars, company-registered cars, servicing and parts. What will, and what won’t change? Clearly, the answers aren’t as straightforward as we may think…

GST replaces sales tax: the mechanism

Come April 1, this sales tax regime will be abolished, and a GST of 6% will take its place. In its simplest form, GST is a value-added tax, that is, a tax paid on the value added to a product or service. It is applied at each stage of the business transaction, through distribution, retail and finally to the consumer.

It is important to note that it won’t be a 6% GST added on top of each and every business transaction, thereby increasing the price of the car at an exponential rate. GST is indeed imposed on the selling price, margins included, each time the car changes hands down the supply chain, but at each stage except for the final consumer, input tax can be claimed. In the end, it is the consumer who pays the full GST rate.

In filing his tax returns, the distributor will declare his output tax (6% paid by the dealer, bigger amount) and input tax (6% he paid previously, smaller amount). He then pays the difference between the two to the government.

The dealer repeats the process in selling the car to the consumer. The consumer cannot claim any input tax, so he bears the full GST burden, as stated earlier: 6% of the final purchase price. Essentially, each part of the net tax paid in the chain should add up to the 6% paid by the consumer.

How will new car prices be affected?

“There is a possibility that for some models there may not be any reduction or we could even see a slight increase in prices, especially for imported cars. Because it depends on the distribution margin, which is currently (under the sales tax regime) not taxed.”

The premise behind all this is such – GST is a value-added tax, which means it is a tax on distribution margins. The higher the distribution margins, the more in GST needs to be paid and ultimately, the more expensive the car becomes for the consumer.

Pejabat S.P.A.D UTC Kuala Lumpur, UTC Alor Star, UTC Ipoh dan UTC Kuantan akan ditutup selama empat (4) hari bermula pada 26 Julai 2014 (Sabtu) hingga 29 Julai 2014 (Selasa).

Pejabat S.P.A.D Kelana Jaya, Muar, Pulau Pinang, Langkawi, Melaka, CSC Seremban dan CSC Johor Bahru akan ditutup selama dua (2) hari bermula pada 28 Julai (Isnin) sehingga 29 Julai 2014 (Selasa).

Pejabat S.P.A.D Kuala Terengganu pula akan ditutup selama tiga (3) hari bermula pada 27 Julai (Ahad) sehingga 29 Julai 2014 (Selasa). Semua pejabat akan kembali beroperasi seperti biasa pada 30 Julai 2014 (Rabu).

Sebarang kesulitan yang dihadapi oleh pelanggan adalah amat dikesali.

S.P.A.D ingin mengucapkan Selamat Menyambut Hari Raya Aidilfitri, Maaf Zahir dan Batin kepada semua pelanggan kami yang beragama Islam.

Sekian, harap maklum dan terima kasih.