Low might be an understatement as I stared at the Average OMV that has just been published in the LTA website.
Golf 122 TSi - $21,472
Golf GT 160 TSi - $24,645
My wife got the Golf 122 TSi at the prelaunch price of $73,800 and her COE was successful at $7090. At this price and COE, VGS made a staggering gross profit of $18,000. Well, I am sure there are some hidden costs that I have not factored in - salesman commission, PDi charges, marketing charges etc....
At $73,800, she could have bought a new Honda Civic 1.8L. It average OMV is a lot more interesting at $27113. The agent would have made a gross profit of $5900.
That would have made more sense does it? But I suppose at the end of the day less than 16million couples have made love in a Honda Civic. And for that, we have to pay VGS $12,000 more for the previlege!
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