Legado Motors, Inc., the official distributor of GAC Motor in the Philippines, announced that it will be increasing the prices of its whole vehicle line-up effective March 1, 2021.
The price increase is being implemented after the Bureau of Customs (BoC) released 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 P 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:
- GA4 1.3T 6AT – P 1,066,000
- GA4 1.5 AT – P 936,000
- GA4 1.5 MT – P 866,000
- GS3 1.3T 6AT GE – P 1,136,000
- GS3 1.5 AT Premiere – P 1,036,000
- GS3 1.5 AT – P 966,000
- GS4 1.5T 6AT – P 1,306,000
- GS8 2.0T 6AT 4x4 GL – P 2,466,000
- GS8 2.0T 6AT 4x2 GE – P 2,266,000
- GS8 2.0T 6AT 4x2 Premiere – P 1,958,000
- GA8 2.0T 6AT GL – P 2,366,000
- GA8 2.0T 6AT GE – P 2,066,000
- GN8 2.0T 6AT Luxury – P 2,958,000
- GN8 2.0T 6AT Premiere – P 2,266,000
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.
Source: Car Guides PH
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