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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 ...
The CARS Program was implemented by the Department of Trade and Industry in order to attract and encourage new car companies to produce vehicles in the Philippines [15] and stimulate demand and impose industry regulations that will restore the country's automotive industry, and make the country a regional automotive manufacturing hub, [16] and ...
The BLS reported in its January CPI report that new vehicle prices rose 0.2% (up 5.8% y-o-y), and used vehicle prices fell 1.9%, (down 11.6% y-o-y). ... new car prices have steadily risen every ...
There will come a time when your car will start costing you more than you’d reasonably expect to spend, but with regular maintenance and the advancements in automotive technology, new cars are ...
The first electric vehicle battery plant in the Philippines is inaugurated in New Clark City. [389] The Department of Transportation awards Aboitiz InfraCapital with a ₱12.75-billion contract to oversee the rehabilitation of Laguindingan Airport. [390]
In November 2021 the LTO have already released new red plates for government vehicles registered from 2016 to 2019. In 2024, the LTO released the new series of red plates for government vehicles which indicate the second letter as the region where they were registered (e.g. SNA for Metro Manila; SDA for Calabarzon).
If you've been waiting to buy, now could be the time. Due to supply chain issues, silicon chip shortages and demand, new cars were among the categories hardest hit by inflation in 2023. See: Biden ...
Since the 2021 facelift, some markets such as Indonesia [33] and Thailand [34] switched to a CVT replacing the 4-speed automatic. Many markets such as the Philippines, Vietnam, Malaysia, and Mexico retains the older 4-speed automatic gearbox. [35] [36] [37] In February 2024, the Xpander HEV was introduced in Thailand.