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GAC Motor PH to increase prices due to DTI Safeguard Act

GAC MotorPH to increase prices due to DTI Safeguard Act

Legado Motors, Inc., the official distributor of GAC Motor in the Philippines just announced that they will increase the prices of their whole vehicle line-up effective March 1, 2021.

The price increase is being implemented after the Bureau of Customs (BoC) issued a Customs Memorandum Order stating the directive of the Department of Trade and Industry (DTI) to add tariff rate on imported vehicles.

Starting March 1, Legado Motors, Inc. will set a Php 78,000 price increase to its current vehicle line-up — the GA4, GS3, GS4, GN8, and the GS8.

With barely a month left before the implementation of the price increase, customers may still avail of the vehicle models at their current prices.

The following vehicles will have these new prices starting March 1:

ModelVariantCurrent SRPNew SRP
GA41.3 Gas Turbo 6-Speed A/TP988,000P1,066,000
1.5 Gas A/TP858,000P936,000
1.5 Gas M/TP788,000P866,000
GS31.3 Gas Turbo 6-Speed A/T GEP1,058,000P1,136,000
1.5 A/T PremiereP958,000P1,036,000
1.5 Gas 6-Speed A/TP888,000P966,000
GS41.5 Gas Turbo 6-Speed A/TP1,228,000P1,306,000
GS82.0 Gas Turbo 6-Speed A/T 4×4 GLP2,388,000P2,466,000
2.0 Gas Turbo 6-Speed A/T 4×2 Sports GEP2,188,000P2,266,000
2.0 Gas Turbo 6-Speed A/T 4×2 PremiereP1,880,000P1,958,000
GA82.0 Gas Turbo 6-Speed A/T GLP2,288,000P2,366,000
2.0 Gas Turbo 6-Speed A/T GEP1,988,000P2,066,000
GN82.0 Gas Turbo 6-Speed A/T Luxury EditionP2,880,000P2,958,000
2.0 Gas Turbo 6-Speed A/T PremiereP2,188,000P2,266,000

Last month, the DTI released the Republic Act No. 8800 or the Safeguard Measures Act that imposes an additional tax on imported vehicles. The said act is “set to provide protection on domestic industries and producers from imported goods, which threatens to cause serious damages on domestic industries and producers.”

The act of Safeguard Tax on imported vehicles was a response to the petition filed by the Philippine Metalworkers’ Alliance (PMA) that seeks to protect the operations of the local vehicle assembly.

Despite the situation, Legado Motors, Inc., remains optimistic that the sales volume will continue to increase and will help the automotive industry bounce back from the great impact of the pandemic.

“We are in the high hopes that the local market will still continue to patronize the brand despite the higher prices implemented by the policy,” said Wilbert Lim, president and CEO of Legado Motors, Inc.

What do you think?

Written by THEDIGITALSPY.COM

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