GAC PH announces price adjustments starting March

Another local distributor for a Chinese automotive manufacturer will be reflecting the effects of the Safeguard Act that the Department of Trade and Industry (DTI) imposed as they are set to jack up prices for every vehicle in its lineup come next month.

Beginning March 1, Legado Motors, Inc. (LMI), the country’s sole distributor for GAC Motor in the Philippines, announced that it will be increasing the price of every vehicle in its lineup, following the Customs Memorandum Order in line with the DTI’s directive to carry out additional duties on imported vehicles.

With the adjustment, a P78,000 increase will be reflected on the price tag of its existing lineup namely the GA4, GS3, GS4, GN8, and the GS8.

According to them, “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 GA4 1.5 Gas M/T, which is currently being sold at P788,000, will be retailed at P866,000 starting next month. The 1.5 Gas A/T and the 1.3 Gas Turbo 6-Speed A/T—which is presently priced at  P858,000 and P988,000 respectively—will be adjusted to P936,000 and P1.066 million correspondingly.

The GS3 1.3 Gas Turbo 6-Speed A/T GE (sold at P1.058 million) will be sold at P1.136 million. The mid variant 1.5 A/T Premiere (in the market for P 958,000) will be marketed at P1.036 million and the base 1.5 Gas 6-Speed A/T (with an existing suggested retail price of at P888,000)  will be offered in P966,000.

The sole GS4 1.5 Gas Turbo 6-Speed A/T variety will be marketed at P1.306 million from its current pricing of P1.228 million.

The GS8 2.0 Gas Turbo 6-Speed A/T 4x4 GL is also expected to raise its SRP—from P2.388 million to P2.466 million. Its two other variants—2.0 Gas Turbo 6-Speed A/T 4x2 Sports GE (currently being sold P2.188 million) and the 2.0 Gas Turbo 6-Speed A/T 4x2 Premiere (presently at P1.88 million) will be at P2.266 million and P1.958 million respectively.

The two GA8—2.0 Gas Turbo 6-Speed A/T GL and 2.0 Gas Turbo 6-Speed A/T GE—will soon be served at  P2.366 million and P2.066 million, correspondingly.

Lastly, the GN8 2.0 Gas Turbo 6-Speed A/T Luxury Edition will be sold at P2.958 million, and the 2.0 Gas Turbo 6-Speed A/T Premiere, P2.266 million.

The Republic Act 8800 (also known as Safeguard Measures Act) 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.”

This was made following the petition filed by the Philippine Metalworkers’ Alliance (PMA) that seeks to protect the operations of the local vehicle assembly.

While the adjustments are to be made, LMI President and CEO Wilbert Lim expressed optimism that they will still enjoy an upward sales trend that will contribute to the recovery initiatives of the automotive industry.

 “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,” Lim said.

The first one to announce such price movement on its offerings due to the government order was Geely’s Sojitz G Auto Philippines (SGAP).

Photos from Legado Motors, Inc.

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