Expect to pay more when buying an all-new Toyota this 2021
Are you looking to buy a brand new Toyota? You might want to read this first. Toyota Motor Philippines (TMP) recently increased the prices on some of its models for 2021.
Starting with the sedans, the Toyota Camry received a PHP 30,000 mark up across the range. As a result, the 2.5 G now retails for PHP 1,871,000, while the 2.5 V is now available for PHP 2,057,000.
Moving to the Corolla Altis, the compact sedan gets a PHP 15,000 price increase for all variants. The entry-level 1.6 E M/T now starts at PhP 1,014,000, while the 1.6 G M/T is available at PhP 1,045,000. Moving to the 1.6 G CVT and 1.6 V CVT, they now retail for PhP 1,130,000 and PhP 1,215,000, accordingly. Meanwhile, the top-of-the-line 1.8 V Hybrid gets a sticker price of PHP 1,595,000.
Also receiving a PhP 30,000 price hike is the RAV4. However, unlike other models, only the mid-range XLE and top-spec LTD get the new prices. The 2.5 XLE is now available at PhP 1,952,000 while the range-topping 2.5 LTD can be yours for PhP 2,274,000.
What about the FJ Cruiser and Land Cruiser 200? You must shell out an extra PhP 50,000 as both SUVs get a pretty steep price increase. The FJ Cruiser now starts at PhP 2,098,000. Meanwhile, the Land Cruiser 200's suggested retail price now ranges from PhP 4,619,000 to PhP 4,985,000.
From SUVs and sedans, we move on to Toyota's people mover, the Hiace. Every model in the range gets a PhP 15,000 increase – with the Commuter Deluxe now retailing at PhP 1,649,000. Meanwhile, the GL Grandia M/T and GL Grandia A/T are available for PhP 2,070,000 and 2,145,000, respectively. Also getting the same price hike is the GL Grandia Tourer A/T, now at PhP 2,319,000. However, The manual version of the GL Grandia Tourer retains its price of PhP 2,229,000.
The current-generation 86 may be on the way out, but the 2-door coupe still gets a substantial PhP 30,000 increase for every variant. With it, the 86's price now ranges between PhP 2,086,000 for the 2.0 M/T to PhP 2,186,000 for the 2.0 A/T.
The Wigo, Yaris, Vios, Avanza, Rush, Corolla Cross, Innova, Fortuner, Hilux, Super Grandia, Alphard, Land Cruiser Prado, Prius, Prius C, and the Supra managed to retain their prices from before. But with the DTI's safeguard bonds set to come into effect, expect some of the models to have a higher SRP later this year - particularly those that will come from Thailand, Japan, and other countries.
However, vehicles coming from Indonesia will not get the safeguard bond. That means commercial models like the Rush, and the Fortuner might not see a dramatic price increase in the foreseeable future.
But how will Toyota find a way to adjust its prices once the DTI import bond comes into effect in the future? Could Toyota try and build more vehicles locally via the CARS program? If so, it might set a precedent for other automakers.