After setting off a chain reaction wherein several other carmakers have begun to increase their prices due to the DTI safeguard tariff, including its rivals Chery and GAC Motor, Sojitz G Auto Philippines, the official distributor of Geely vehicles in the country backs off its price increase at least for this month.
After being the first one to cry, “safeguard,” the Chinese vehicle brand that sells the Coolray, Azkarra, and Okavango SUV now say they have enough stocks to last them until April. This means customers who are eyeing any of their offerings will see at least a P 70,000 savings until the end of March. Sneaky.
Check out their full statement below:
At the beginning of the year, the Department of Trade and Industry (DTI) has slapped additional safeguard tariff on most vehicle imports in response to a petition seeking to save local vehicle assembly operations. This moved Sojitz G Auto Philippines (SGAP) to announce pending price adjustments on its vehicles such as the Coolray, Azkarra, and Okavango.While several auto brands have announced the treatment of this additional safeguard bond on the prices of its vehicles, SGAP defers the implementation of the price increase to April as dealers still have enough inventory which are not yet covered by the DTI’s safeguard policy. This means, customers could still take advantage of the current Geely vehicle prices until the end of March.The price adjustment on Geely vehicles will be announced soon.
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