Want to know how much a Mirage, Innova and Everest will cost in 2018?

DOF presents suggested prices under proposed excise tax
by Dinzo Tabamo | Aug 3, 2017

We recently reported that after-sales service in car dealerships is sagging overall. Does it have something to do with the volume of cars on the road, perhaps? Car brands are also selling their stocks in droves, and this is surely bringing in first-time owners who are still having their units serviced via dealer warranty.

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Everyone knows a big reason for the strong car sales this year is the pending excise tax law that’s now in the Senate’s hands.

Now like all professional publications we’ve published our own take on what cars might cost if the law takes effect on January 2018, although we didn’t name any specific model.

But a lot of people are still confused about the pending bill, and we still receive questions on how much popular models will cost. Well now the Department of Finance has released its own suggested retail prices of popular models, and what it showed is not the doomsday scenario we were all afraid of—but of course we completely understand the resistance to any more newfangled ways to milk us.

Based on the sample list, up to the Toyota Vios 1.5 G the P40k price difference is somewhat negligible—maybe even up to the Nissan Juke that costs P54k more is okay. It starts to sting with the almost P100k increase of the Toyota Innova 2.8 E, and we’re sad that Honda Civic RS Turbo will be even more out of reach.

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But those interested in the top-spec Fortuner will want to buy now, because it’ll jump to more than P2.5 million. As expected luxury cars will take the brunt of the proposed taxes, with a theoretical P20 million vehicle (Ferraris, Lambos, Astons) costing more then P7 million more.

What do you think about the proposed price increases?

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PHOTO: Mitsubishi Motors Philippines
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