Chery Auto PH moves to maintain old pricing until the end of March
In a move to help minimize further consumer hardships in this challenging pandemic, Chery Auto Philippines has elected to absorb the price increases from the newly implemented safeguard tariff.
“We previously announced price increases in compliance with the Department of Trade and Industry’s Department Administrative Order (DAO) imposing a provisional safeguard tariff on certain imported cars and light commercial vehicles, but we have decided to absorb the tariff instead of passing it on to the consumer with higher prices,” said Rommel Sytin, Chery Auto Philippines President.
Chery Auto Philippines will maintain the old prices for its full Tiggo model range throughout the whole month of March.
The DTI imposed a provisional safeguard measure on cars and LCVs after it found higher vehicle imports are causing injury to the local automotive manufacturing industry in its evaluation of a 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.
The Chery Tiggo 2, Tiggo 5x, Tiggo 7, and Tiggo 8 will retain their pre-Safeguard Tariff prices (as follows):
- Tiggo 2 M/T: Php 695,000
- Tiggo 2 A/T: Php 770,000
- Tiggo 2 Two-Tone: Php 785,000
- Tiggo 5x M/T: Php 818,000
- Tiggo 5x A/T: Php 860,000
- Tiggo 5x A/T Luxury: Php 950,000
- Tiggo 7 A/T: Php 1,195,000
- All-New Tiggo 7 A/T Pro: Php 1,198,000
- Tiggo 8 A/T Luxury: Php 1,280,000
- Tiggo 8 A/T Luxury EX: Php 1,340,000
Chery Auto PH remains committed to delivering safe, secure, and value-packed mobility to the public while helping the country achieve its economic goals in these trying times.
In January, Chery vehicle sales underscored growing consumer confidence in its feature-packed, high-value products by exceeding its January sales targets. The all-new Tiggo 7 Pro was introduced just 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 also fast growing.
