Legado Motors, Inc., the exclusive distributor of GAC Motor in the country, announced that it will be increasing the prices of its whole vehicle line-up effective March 1.
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, the Chinese car brand will set a Php78,000 price increase to its current vehicle line-up—the GA4, GS3, GS4, GN8, and the GS8.
Here’s the new prices of GAC Motor PH starting March 1:
- GA4 1.3T 6AT – Php 1,066,000
- GA4 1.5 AT – Php 936,000
- GA4 1.5 MT – Php 866,000
- GS3 1.3T 6AT GE – Php 1,136,000
- GS3 1.5 AT Premiere – Php 1,036,000
- GS3 1.5 AT – Php 966,000
- GS4 1.5T 6AT – Php 1,306,000
- GS8 2.0T 6AT 4×4 GL – Php 2,466,000
- GS8 2.0T 6AT 4×2 GE – Php 2,266,000
- GS8 2.0T 6AT 4×2 Premiere – Php 1,958,000
- GA8 2.0T 6AT GL – Php 2,366,000
- GA8 2.0T 6AT GE – Php 2,066,000
- GN8 2.0T 6AT Luxury – Php 2,958,000
- GN8 2.0T 6AT Premiere – Php 2,266,000
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, the company 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.