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During the pandemic, car inventory dropped due to supply chain issues that impacted the availability of semiconductor chips, leading to higher prices on vehicles. As new car supply and sales...
Honda Cars Philippines Inc. (HCPI) was established in October 1990. Under the Philippine government's Car Development Program, production operations commenced in February 1992, in their Santa Rosa, Laguna plant. To date, HCPI is a team of over 600 associates, working with 38 dealers nationwide and about 60 parts and materials suppliers.
New car prices have been falling for most of 2023, with the average new car selling for $47,936 in October, Kelley Blue Book reported.Overall, new car prices are down 1.4% since October 2022 and 3 ...
In the Philippines, the Xpander Cross was launched on 12 March 2020 as the replacement of Xpander GLS Sport marketed as an SUV. [30] It was also launched in Thailand on 16 March 2020. [ 31 ] The Xpander Cross was launched in Vietnam on 16 July 2020 alongside the updated Xpander, [ 32 ] the model also launched in Brunei on 9 July 2021 (facelift ...
In September 2024, the facelifted Carnival debuted in the Philippines with the same trim levels and engine option from the pre-facelift model, but both variants comes with a 7-seater configuration. [84] The Turbo HEV variant was later added in November 2024, as the first hybrid electric vehicle from Kia marketed in the Philippines. [85]
The average price of a new car rose above $41,000 ... That would be a 3.7% increase compared with July 2020 and an 8.7% decrease compared with July 2019. ... J.D. Power predicts total new vehicle ...
August 14, 2024 at 12:22 PM. ... Used car prices rose more than 40% annually in both June and July 2021, and again in January and February 2022. ... As these new car prices trend downward, values ...
The Public Transport Modernization Program (PTMP), formerly and still commonly referred to as the Public Utility Vehicle Modernization Program (PUVMP), is a program made by the Department of Transportation (DOTr) of the Philippines in 2017, with the goal of making the country's public transportation system efficient and environmentally friendly by 2020.