While most automakers affected by the DTI's safeguard bonds have implemented a price increase or have begun asking for cash bonds starting this month of March, Geely Philippines won't be doing any of that yet.
In a recent announcement, Sojitz G Auto Philippines (SGAP), the official distributor of Geely vehicles in the Philippines, said that they will not be implementing the previously announced price increase this March. Instead, the automaker will be deferring the price increase to April 2021. According to SGAP, dealers across the country still have enough inventory that was not covered by the DTI's safeguard policy. As a result, prices will remain for the time being.
What does this mean for customers? Well, they can still purchase a brand new Geely model for the same price as before, whether it's the Coolray, Azkarra, or the Okavango. That is for the entire month of March only. No need to pay an additional PHP 70,000. Unfortunately, there's no updated price list yet. However, Geely Philippines says it will be announced at a later date.
So if you're in the market for a brand new Geely model, now's your chance to order one before SGAP officially implements the price increase in April.
Some of you may think the additional PHP 70,000 isn't that big of an amount. But given the current economic situation, it might be enough to sway people from buying a brand new vehicle.