In most European countries and North American, car prices will be lower than many Asian countries especially some famous brand auto. Normally, it is not consistent with the price of the raw materials and labour cost because in China and many other Asian countries, labour cost is much lower than European and North American countries. It is related to the agreement of WTO, many developed countries has signed agreement about decreasing and eliminating taxes to encourage car manufacture and world trade. So the price of cars in those countries is lower than many Asian countries.
According to Jalopnik, Malaysia has become the world second highest car price which followed by Singapore. The executives of consumer Federation of Malaysia said it was the time to reduce the price especially government has reduced the subsidies in petrol. However, Malaysia government will not consider to reduce the taxes because the price of petrol and management is reasonable. Also, it is difficult to solve the problem immediately because it may lead to the high unemployment in the society and cause more problems in other areas.Of course, by considering the pollution from using cars , it is also not a good idea to encourage the car consumption. I think China will have potential to become the lowest car price country in the future but there are also many problems. China is used to be the second part of food chain so it is difficult to be totally independent from other countries. To achieve there goals, China need to pay more attention on the quality of their products because China always makes many problems at that stage.