The death of the car industry

[StockEngine]

*CVT
Bro, I could not believe how well preserved Sigourney Weaver's Beryllium Spheres were in that movie. It's like they were in zero G.

*Stockengine
Magaling ba yan? My eyes are still red from the rainbow colored table. 😂

Bro, I admit the title is extreme, but it was posted based on the original DoF proposal which was a lot more prohibitive towards the better selling and bullish segments.

I'm still hoping they reconsider revising the rates for the luxury segment. Not that I can even afford it but we can certainly see how it will probably result in a net negative increase in tax collection for that segment.

Yes I'm with the amendment of the luxury brackets proposal. Its just "absurd"

The prados and pajeros and titaniums+ will be way unaffordable.

The colors? 😂😂😂

[Monseratto]

How prices of your favorite cars will go up with the new excise tax | Motoring, Business Features, The Philippine Star | philstar.com

After the death of the mining industry... this admin seems to be encouraging people to become OFWs.

[vinj]

After the death of the mining industry... this admin seems to be encouraging people to become OFWs.

So they can impose VAT on more OFW remittances?

I saw a die-hard and blind P-Diggy supporter post these new vehicle excise taxes on FB, tagging her equally die-hard siblings. I wonder what they feel.

[yebo]

How prices of your favorite cars will go up with the new excise tax | Motoring, Business Features, The Philippine Star | philstar.com

After the death of the mining industry... this admin seems to be encouraging people to become OFWs.

covered ba ng excise tax increase ang 2nd hand car market? OF NO, then does this mean that if i put a dp on an everest now then the tax takes effect on april this year, and i sell the car in May for a "300k discount" does it mean i make 600k in 2 months?

[comshock25]

Other countries have similar taxation schemes for cars and it hasn't been a problem. The key here is poorer people who buy cheap cars pay less tax while rich people who buys luxury models have to pay higher premiums. The car industries will need to adjust their marketing tactics to survive. They won't die if they adapt.

On another note - where does those additional taxes go? Hehehe.


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[EQAddict]

Am gonna hoard LC200s.


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[lowslowbenz]

Am gonna hoard LC200s.


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Get a 79 too ...

Meanwhile .... DOF bent on slowing down vehicle sales | Business, News, The Philippine Star | philstar.com

[YellowIcing]

mukhang magmamahal na ulit ang presyo ng mga kotse nyan....

[StockEngine]

Saw his post too. The LTO is just a disgrace. Hope this messy LTO gets the attention of the President.

[jut703]

Doubt it.

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[StockEngine]

rejected... by the DTI

http://www.topgear.com.ph/news/motor...00013-20170317

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[Automahn]

Will gray market / parallel import vehicles be affected by this new excise tax?

[niky]

Will gray market / parallel import vehicles be affected by this new excise tax?

Good times will be back.

Rationalization of import prices and the entry of "official" dealers has hurt some of them badly.

Mini, for example, sold for about a million pesos less than "gray market" imports did. A gray market secondhand Cooper S sold for the same money as a brand new Cooper S at the time. The Nissan GT-R is another case for official over gray.

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Now official dealers, who have to report sales and who fill out their taxes properly, will be at a disadvantage. The gray market should experience an uptick in sales... especially those selling luxury cars.

[Monseratto]

http://www.topgear.com.ph/news/indus...x-cars-fbfirst