Wednesday, 1 September 2010

NEW C02 TAX LAW AFFECTING PEUGEOT PRICES

Peugeot Motors South Africa has revised its new vehicle retail prices as of 1 September to coincide with the SA government’s implementation of a CO2 emissions tax on new passenger cars.

The emissions tax is calculated based on a threshold of 120 g of CO2 per kilometre. Vehicles with a CO2 emissions rating exceeding the threshold will attract a tax of R75 for every gram of CO2 above the 120 g/km limit.
 

“While we make every effort to price our products competitively, we have had to incorporate the emissions tax in the retail prices of those Peugeot vehicles exceeding the 120 g/km CO2 emissions threshold,” says Jean Francois Bacos, managing director of Peugeot Motors South Africa.

“However, we are pleased to be able to offer local consumers two Peugeot models that fall below the emissions threshold, and therefore do not attract any additional taxes.

“Our Peugeot 107 urban runabout has already proven itself as a popular and frugal city commuter, with its 1,0-litre three-cylinder engine offering peppy performance linked to economical running costs and low CO2 emissions.

“At the same time, our latest-generation Peugeot 207 Dynamic 1.6 HDI offers similarly impressive fuel consumption and low emissions in a slightly more spacious, more dynamically talented package that will please many young families, as well as empty nesters and trendy singles.”

Bacos adds that a large portion of the Peugeot passenger car offering in South Africa is not significantly affected by the emissions tax, due to the marque’s use of high-efficiency engines and latest-generation technology. “This means that the impact on retail prices is relatively small in most instances.”

The emissions tax-related price increases only affect Peugeot’s passenger car range. Commercial vehicles such as the Peugeot Expert, Partner and Boxer are currently excluded from the emissions tax scheme.


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