EDITOR’S NOTE (6): We simulate the prices of 42 vehicles under the final bicameral version of the TRAIN bill. Read it
here. (12/14/2017).
EDITOR’S NOTE (5): The House of Representatives and Senate have agreed on a compromised version of the new vehicle excise tax which excludes pick-up trucks and EVs. See the story
here (12/12/2017).
EDITOR’S NOTE (4): The senate just approved a new version of TRAIN that is friendlier to luxury vehicles. See the full story
here. (11/28/2017).
EDITOR’S NOTE (3): A version of the bill has just passed the House Ways and Means Committee. You can check how it will affect vehicle prices
here (5/8/2017).
EDITOR’S NOTE (2): We have put up a comparative study of this Department of Finance proposal versus House Bill 4774. You can check out the story
here (1/29/2017).
EDITOR’S NOTE (1): This report pertains to the Department of Finance’s initial recommendation to increase the excise tax on new vehicles. A new version, House Bill 4774 is being considered as well. In both cases, it’s important to know that NOTHING IS FINAL. The pricing scenario here may change once the law has been passed. Regardless, we will update this with a more detailed breakdown once that happens (1/25/2017).
This will be the biggest motoring headline for 2017 and one that will have a long lasting repercussion for the entire automotive industry. With the automotive industry enjoying a robust double-digit growth during the past few years, a new regulation is being proposed that may curtail this growth. This regulation is the proposed change to the current vehicle excise tax.
