Chery is the third Chinese automaker to adjust pricing in PH
Another day, another automaker adjusts its pricing according to safeguard bonds. Joining the fray is Chery, the third Chinese automaker to do so. The automaker recently announced the new prices of their crossovers. As they have no models exempt from the rule, all their products are affected by the latest order from the government.
Effective March 1, 2021, a bond of P74,800 (P70,000 + VAT) will be collected from each Tiggo passenger car model. Before we list down the new prices, note that this includes the aforementioned bond along with the new pricing.
Starting with the Tiggo2 lineup, the entry-level M/T variant now starts at PHP 773,400, up by PHP 78,400. The mid-spec A/T now retails for PHP 848,400 from its initial list price of PHP 770,000 ( also + PHP 78,400). As for the top-spec Tiggo2 A/T Two-Tone, prices jump to PHP 863,400.
Like the Tiggo2, the entire Tiggo5x range sees a PHP 78,400 increase. It's now PHP 896,400 for the M/T, PHP 938,400 for the A/T, and PHP 1,028,000 for the A/T Luxury. The same increase applies for both Tiggo7 versions – the standard variant and the Pro. The standard Tiggo7's price bumps up from PHP 1,195,000 to 1,273,400, while the Tiggo7 Pro is now at PHP 1,276,400.
Last but not least, the Tiggo8. The base model's new price is now at PHP 1,358,400, on par with the higher-spec Luxury's pre-tariff price of PHP 1,340,000. With that, the adjusted price for the Tiggo8 Luxury is now PHP 1,418,400.
There is no mention if there will be a refund once the effectiveness of the bond expires, but there will likely be one. As an example, Isuzu and Toyota pledged to their customers that they will get the cash bond back once the government lifts the tariff. If not, the deposit will be used as additional payment towards the unit.