AutoIndustriya.com / Brent Co | January 12, 2018 16:15
Motor Image implements 5-percent price increase across the board for Subaru
If you've been looking for the prices of Subaru in the Philippines after the new excise taxes, here they are.
During the press conference today at the Singapore Motorshow, Mr. Glenn Tan, the Managing Director of Motor Image Philippines parent company Tan Chong International, stated that Subaru prices in the Philippines will increase by 5% across all the models in their range. This price increase includes taxes that are in compliance with the provisions for the automotive excise tax schedules prescribed in Republic Act 10963, or the Tax Reform for Acceleration and Inclusion (TRAIN).
As a follow up to Mr. Tan's statement, Mr. Gerry Hernandez, the General Manager of Subaru Philippines, released to us a copy of the official list with the 2018 Suggested Retail Prices (SRP) with the comparisons to 2017 SRPs.
As you can see from the chart above, Subaru Philippines did apply a flat 5% increase across the board, with the thousands digits rounded out to the nearest PhP 8,000.
For their crossover line, Subaru's global (and local) best seller, the Forester, increased its prices by PhP 80,000 (2.0i-L), PhP 90,000 (2.0i-P), and PhP 100,000 (2.5XT). The XV, currently the newest generation model in the line up, increased in price by PhP 70,000 (2.0i) and PhP 80,000 (2.0 i-S). The Outback went up by PhP 110,000 (2.5 CVT) and PhP 120,000 (3.6 CVT).
For the saloons and wagons, the sole variants of the Impreza and the Levorg wagon went up by PhP 70,000 (2.0 i-S) and PhP 90,000 (1.6 GTS), respectively. The two variants of the Legacy saloon went up by PhP 90,000 (2.5 CVT) and PhP 110,000 (3.6 CVT).
For the sport models, the BRZ coupe went up by PhP 100,000 for both the 2.0 automatic or manual. The turbocharged WRX sport sedan went up by PhP 92,000 (2.0 turbo MT) and PhP 110,000 (2.0 turbo CVT). The most powerful Subaru in the line up, the WRX STI, went up by PhP 130,000 (2.5 turbo MT), the highest margin for increase amongst all the models.
Earlier this week, AutoIndustriya.com published an article stating that Subaru is holding the price of certain models, and that is still in effect for the Foresters and Imprezas they have on stock which were imported in 2017. All other models will reflect the 2018 prices above.