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Kuala Lumpur, El Sky News – Malaysian car buyers may face higher prices in 2026 as the Open Market Value (OMV) framework remains unsettled. The Malaysian Automotive Association (MAA) warned that the lack of clarity in the OMV-based excise duty could result in price increases ranging from 10% to 30% for new vehicles.
The current system calculates excise duties based on the OMV, but with ongoing regulatory reviews and pending amendments under P.U.(A) 402/2019, manufacturers and dealers are unsure how taxes will be applied in the upcoming year. This uncertainty is affecting both imported and locally assembled vehicles, with potential impacts on consumer affordability and market dynamics.
Automotive industry experts note that delays in finalizing OMV policies could trigger a last-minute buying rush, as consumers may try to purchase vehicles before any new tax adjustments take effect. Meanwhile, car dealers are closely monitoring government announcements to adjust pricing strategies and inventory management accordingly.
With Malaysia’s automotive market already experiencing shifts toward hybrid and electric vehicles, the pending OMV resolution adds another layer of uncertainty for both manufacturers and buyers. Stakeholders urge swift policy clarification to avoid market disruptions in 2026.
