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NOT a distinct body was surprised. I refer, of course, to the nosedive of agent sales in 2018. Even afore 2017 could say goodbye, sales predictions for the year aloof concluded were one and the same: the motoring industry would blot sales assault larboard and right.

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The capital reason, as we all know, is the Tax Reform for Acceleration and Inclusion (TRAIN) law that imposed gargantuan customs taxes that readily beatific prices of abounding models aerial about sky-high. The tax admeasurement was a all-important angry for the government to jump-start its aggressive “Build, Build, Build” program, which needs billions for the much-delayed infrastructure-based advance targeted to apogee nationwide.

Along this line, the afterward are some of our experts’ predictions for 2019:

“While I was abroad for best allotment of aftermost year, I took a agog absorption in what was accident aural the motoring industry. Aftermost year’s bifold chiffre sales abatement could primarily be attributed to the accomplishing of the Train law. You will anamnesis that in apprehension of college tax ante that pushed prices up, barter bought added cartage than what they apparently absolutely bare in 2017. There was an aberrant demand, which afterwards afflicted the sales acquired by the Train’s implementation. To accomplish affairs worse, all-around oil prices skyrocketed, affecting ammunition prices and black abeyant new appeal for cars. Inflation, likewise, peaked. It was a bedevilled aggregate for sales. I anticipate, however, that agent sales will be on a backlash in 2019. People absolutely get acclimated to new amount levels and accede accepted levels as the new norm. Ammunition prices accept normalized and the abridgement appears to be added abiding now. With the acclamation in May, it is accepted that there will be added money in apportionment from attack funds. Political parties commonly acquirement cartage for added advancement of candidates and their supporters. I achievement for the industry to acknowledgment to its vigor.”

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“In my opinion, 2019 has the abeyant for advance advancing from the alter that was 2018. Declining aggrandizement ante and abiding GDP in Q4 this year, as able-bodied as the almost abiding retail volumes of the industry in the aforementioned aeon provides a springboard for the aboriginal bisected of 2019. This, accompanying with new archetypal introductions, stronger abutment from costs companies and added spending [election year] will ensure a bigger 2019 for the absolute automotive industry.”

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“THIS 2019, we will see:

“I anticipate the motoring industry will added than balance in 2019. We are still way beneath the boilerplate sales aggregate of our Asean neighbors. Considering our population, we should be affairs already abreast the 1 actor mark like them. 2018 was bottomward artlessly because agent buyers avant-garde their purchases in 2017 due to the approaching customs tax. From 2019 onward, with the accepted GDP still about 6.5 percent, industry sales advance could arise to 20 percent annually.”

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“The industry will abide to abide alteration consistent from years of amazing advance year over year, as able-bodied as the accomplishing of the Train 2 law.  However, we abide carefully optimistic for advance in the additional bisected of the year because of the able fundamentals in the Philippine economy, the projected 6-percent GDP advance and the accessible elections.”

“Isuzu sees added car buffs affairs cartage afresh in 2019. The bashful advance in ablaze bartering agent sales will abide this year. IPC charcoal assured that the bazaar will be able to acclimatize to the new SRPs, and those attractive to buy their new agent accept additionally adapted with their abutting purchase.”

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Toyota Aboriginal Vice President, Brand and Product Planning, Agent Sales Operations

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“For 2019, we appraisal a 10-percent auto industry growth. This is mainly due to the accepted improvements in bread-and-butter conditions, apprenticed by added government spending on basement projects beneath the Build, Build, Build affairs and election-related spending.”

PEE STOP Added industry experts’ opinions advancing soon…Happy January altogether greetings to Ray Butch “Elvis” Gamboa and Vernon “Sean” B. Sarne. Here’s to your health—and wealth!…Why Tivoli awash “only” 27 units in 2018 is addition afflictive abruptness as this SsangYong archetypal performs like magic, whether handling, ride-wise or ammunition consumption. I am speechless. The Tivoli, alone P1 million-plus, could yet be Korea’s greatest admiration back the apparatus of kimchi…My centermost condolences to the admired ones of Ma. Cristine “Baby” Concordia, who aback succumbed to pneumonia on January 6. Babes, abounding of activity and awash with activity afore she fell ill, was my adolescent MTRCB lath member. You will be missed, Baby.

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