The Market Monitor Minding the Nation's Business
The Land Transportation Office (LTO) has issued a Show Cause Order (SCO) against 1,046 dealers in 2024 for their failure to register newly bought motor vehicles within the prescribed time period.
LTO Chief, Assistant Secretary Atty. Vigor D. Mendoza II said the agency’s Citizen’s Charter mandates the registration of newly bought motor vehicles to be registered within seven days after the transaction is completed in motor vehicle dealerships.
“Unfortunately, there were some motor vehicle dealers which did not comply at the expense of their clients despite our repeated reminders of the need to strictly follow the rule,” said Asec Mendoza.
“Yung matindi dito ay yung ibang car dealers, sa kagustuhang magpalusot sa mga kliyente nila, ay ang LTO ang itinuturong may kasalanan. Hindi ito tama kaya we encourage our clients to file a complaint before us,” he added.
Asec. Mendoza said the intensified monitoring of the compliance of motor vehicle dealers is part of the instruction of Transport Secretary Jaime J. Bautista to make all the transactions under the Department fast and comfortable.
Of the 1,046 SCOs issued in 2024, Asec. Mendoza said 21 of them were already fined after being found negligent during the investigation.
He said 14 of the motor vehicle dealers were fined with P20,000; two were fined with P30,000; while five were fined with P100,000.
A total of 80 were already submitted for resolution while the rest are still under investigation.
Asec. Mendoza said he already issued an instruction to expedite the resolution of all the cases involving violations of the registration of newly bought motor vehicles.