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What’s Covid-19 got to do with the price of cars? Yamin Vong © Provided by Free Malaysia Today Let’s talk about new cars. An imported new car, known in the trade as a completely built-up (CBU) car, will generally cost twice as much as a locally-assembled car, because import taxes raise the price of the CBU car and conversely, makes locally assembled cars more affordable. Essentially, local assembly happens because emerging nations recognise the auto industry as being a source of employment and economic growth. In most cases, locally assembled cars would cost more than CBU cars if not for import taxes.

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