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However, the auto market came in much cooler, with prices for new vehicles rising 0.3% for the month, but only 1% year over year. The 2023 yearly figure was a big drop compared to last year’s 5. ...
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 ...
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.
The Dashing was launched in the Philippines on 15 March 2023 as part of Jetour's entry to the market. At launch, it is available in a sole variant powered by a 1.5-litre turbocharged petrol engine. [8] The Symphony variant was added in February 2024 equipped with a bespoke audio system from American brand JL Audio. [9]
The average price paid for a new, non-luxury vehicle in July was $44,700, according to Kelley Blue Book. That was up 0.5% from the previous year but $471 lower than the previous month.
From better fast-charging for long drives in electric vehicles to powered climate control vents, 2024’s best new-car features came in some surprising packages. ... Prices start at $28,355 ...
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. [85] The Turbo HEV variant was later added in November 2024, as the first hybrid electric vehicle from Kia marketed in the Philippines. [86]
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 ...