Why did Geely PH prices shoot up? | Autoindustriya

One example is the Emgrand Comfort sedan. When we reviewed it, the price was PHP 798,000 which is outstanding for its size and features. Today, it's PHP 945,000. That's a huge difference of PHP 147,000.

Another is the Okavango. The Urban Plus variant is now retailing for PHP 1,765,000. When we reviewed it last year, it was PHP 1,478,000. The difference is a whopping PHP 287,000.

The price increases were across the board, though other units experienced smaller price increases depending on the variant. Many are asking: What gives? What happened to the value proposition of Geely?

We caught up with Sojitz G Auto Philippines (SGAP) executives at the Philippine International Motor Show (PIMS) and we were able to ask why. The answer involves many factors like rising shipping costs and parts costs, but the single biggest reason is the exchange rate.