Ela Motors will increase import if there’s demand

MAJOR car dealer Ela Motors is looking forward to increasing its vehicle imports if there is a demand due to the Government’s reduction on import excise duty on new and used vehicles.
Chief executive Keiichiro Kuwabara said: “We get around 2,500 vehicles coming into the country last year.
“I hope that it can grow this year due to the government’s announcement.
“If we see any increase in demand, we will increase the number of vehicles, we are on a wait-and-see situation,” Kuwabara said.
“It is good that the vehicle price getting accessible, it is always good for the people.
Kuwabara said earlier that there would be a positive effect on business in 2020.
“We welcome the government’s direction to make the 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.
Ela Motors has been providing PNG with quality new and used vehicles for over 50 years.
Ela Motors’ network reaches 15 dealerships nationwide providing comprehensive support in sales, service and parts.
The excise tariff (2020 Budgetary) (Amendments) Bill 2019 which took effect Jan 1, 2020 includes: new car (60 per cent to 20 per cent); used car (80 per cent to 20 per cent); sports and racing cars – new car (110 per cent to 40 per cent), used car (120 per cent to 40 per cent).