Ela Motors to assess govt’s decision on import fees

By PETER ESILA
MAJOR car dealer Ela Motors says it will take time to assess the Government’s decision to make vehicles more affordable in Papua New Guinea.
Chief executive Keiichiro Kuwabara made the comment when asked what his thoughts were on the Government’s announcement of a reduction in import excise on imported new and used vehicles.
“There will be positive effect on business in 2020, but we need more time to quantify the extent and effects will be,” he said.
“We welcome the Government’s direction to make vehicle more affordable,”
Treasurer Ian Ling-Stuckey, in tabling the 2020 National Budget, said the reduction of duty on imported vehicles was to make them more affordable.
He said people wanting to buy imported vehicles from Jan 1, 2020, will pay much less excise duty – to make them more affordable to everyone.
The massive reduction of 60 per cent applies to new and reconditioned vehicles.
For imported vehicles currently attracting 100 per cent or more duty, buyers will be from Jan 1, 2020 be charged only 40 per cent duty on the cost.
For imported vehicles currently attracting less than 100 per cent duty, buyers will pay only 20 per cent on the cost.
Ela Motors has been providing all corners of the country with quality used vehicles for over 50 years.
With a comprehensive range and the Toyota quality spread across PNG, Ela Motors network reaches 15 dealerships nationwide providing comprehensive support in not only sales but the important backup of looking after motoring investment with quality service.