Searching for a brand new car? This week, two brands from the Land of the Rising Sun have imposed the Philippines’ Tax Reform for Acceleration and Inclusion (TRAIN) Act on their vehicles. Find out how it affected prices in this recap.
Bermaz Auto Philippines (BAP), the exclusive distributor of Mazda vehicles and parts, has introduced its new price list early this week. The Mazda2, Mazda3, Mazda6, CX-3, and MX-5 follow an increase that ranges from P10,000 to P235,000. Moreover, all variants of the CX-5, except for the 2.2L twin turbo diesel AWD Sport, now carry higher prices. Meanwhile, the prices of BT-50 pickup and CX-9 remain the same.
Also, Isuzu Philippines Corporation (IPC) has released its announcement with a steep raise. The outgoing Crosswind receives a P90,000 to P110,000 swing to its price, while the 3.0L variants of the mu-X added P237,000 to P247,000 to its SRP. On the other hand, the prices of 2.5L mu-X and the D-MAX pickup truck seem not affected by the TRAIN Act.
BYD, Chevrolet, Mahindra, Nissan, Suzuki, and Volkswagen, among the mainstream brands, have yet to announce new pricing after imposition of the Philippines’ new excise tax system.
Consumer interest is heightened, heating up competition this time around.
One thing’s for sure – it has more than meets the eye.
Are they essentially the same thing with different names?