Close  

Mitsubishi to hike prices due to peso slide

/ 12:07 AM December 06, 2016

Mitsubishi Motors Philippines Corp. (MMPC) on Monday warned of an impending price increase across its catalog, which the company blamed on the deterioration of the peso’s value against the dollar.

MMPC said it expected to raise prices “soon”—from passenger cars to trucks—by 3 to 5 percent or P10,000 to P20,000 per unit.

ADVERTISEMENT

The company imports the Mirage, Mirage G4, Montero Sport and Strada from Thailand as well as the the Pajero, Lancer EX, ASX and Fuso trucks and buses from Japan.

Based on the company’s current price list, passenger cars are tagged at as low as P555,000 for the Mirage subcompact sedan with manual transmission and a 1.2-liter engine to as high as P1.26 million for the ASX compact sports utility vehicle with a 2-liter engine.

Mitsubishi’s light commercial vehicles presently go for as low as P595,000 for the L300 Delux Cab Chassis to as high as P2.76 million for the Pajero GLS automatic with diesel engine.

Also, trucks and buses go for as low as P1.15 million for the Canter light-duty truck to as high as P4 million for the 34-seater Rose Bus.

According to the Bangko Sentral ng Pilipinas, the peso traded at an average 47.51 for every $1 last January, fluctuating to P49.15 against the dollar in November.

As of press time, the peso was trading at a range of P49.67 to P49.75 to $1.

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Mirage, mirage G4, Mitsubishi motors Philippines corp., Montero Sport, Philippine news updates, Strada
For feedback, complaints, or inquiries, contact us.
entertainment

Paulo mines past relationships for latest romantic drama

September 21, 2019 12:30 AM

entertainment

Martin del Rosario supports LGBTQ’s right to love

September 21, 2019 12:25 AM

entertainment

Kylie and Maxine tell their sides of the ‘spitting’ issue

September 21, 2019 12:10 AM

usa

Jon Wong, the youngest Fil-Am elected official

September 20, 2019 11:05 PM



© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.