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Monday, March 1, 2021

You'll Need to Pay an Additional P78k Security Deposit When You Buy a Chery


Update: Chery Auto PH has deferred any collection of DTI safeguard duty to April (3/12).

Addressing consumer concerns about higher prices resulting from the safeguard duties on imported automobiles, Chery Auto Philippines has announced the new prices for its line of Tiggo crossovers and SUVs.

“In compliance with the Department of Trade and Industry's Department Administrative Order (DAO) imposing a provisional safeguard tariff on certain imported passenger cars and light commercial vehicles, Chery Auto Philippines will be adjusting its prices accordingly,” announced Rommel Sytin, Chery Auto Philippines President.

The DTI ordered the imposition of a provisional safeguard measure on cars and LCVs after it found higher vehicle imports are causing serious injury to the domestic motor vehicle manufacturing industry in its evaluation of the petition filed by the Philippine Metalworkers' Alliance.

Under the Safeguard Measures Act, the government can impose safeguard measures in the form of tariffs to provide relief to the local industry when there is serious threat or injury from increased imports of like products.

As specified by the new ruling, a security deposit amounting to P78,400 (P70,000 + VAT) will be collected from each Tiggo passenger car model.

The new prices of the Chery Tiggo 2, Tiggo 5x, Tiggo 7, and Tiggo 8 are as follows:
  • Chery Tiggo 2 M/T - P 773,400
  • Chery Tiggo 2 A/T - P 848,400
  • Chery Tiggo 2 A/T Two-Tone - P 863,400
  • Chery Tiggo 5x M/T - P 896,400
  • Chery Tiggo 5x A/T - P 938,400
  • Chery Tiggo 5x A/T Luxury - P 1,028,400
  • Chery Tiggo 7 Comfort - P 1,273,400
  • Chery Tiggo 7 Pro - P 1,276,400
  • Chery Tiggo 8 A/T Luxury - P 1,358,400
  • Chery Tiggo 8 A/T Luxury EX - P 1,418,400
Chery Auto PH remains committed to delivering safe, secure, and value-added mobility solutions to the public while helping the country achieve its economic goals, particularly in these challenging times.  
 
Last month, Chery Auto Philippines displayed its growing momentum in the local automotive market by exceeding its January sales targets. The positive result came from a combination of factors led by the growing awareness of the new brand and the extraordinary value from its feature-packed crossovers. 
 
Chery Auto Philippines boasts of its industry-leading warranty and PMS programs: a10-year/1 million-km engine warranty, a 5-year general warranty, and a free full preventive maintenance service (PMS) for 3 years.
   
The stylish and feature-packed Tiggo 7 was just introduced last January 27, but quickly sold out its initial batch within 30 days from launch. The number of deposits and pre-orders for the upcoming new shipment, expected to arrive this March, is fast growing.

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