Search results
Results from the WOW.Com Content Network
For the year, used wholesale prices fell 7.0% compared to a year ago, and are now down 21% compared to 2021. ... bought 15.5 million new vehicles last year, 11% more than in 2022. ... Edmunds sees ...
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 Xpander made its debut in the Philippines on 1 March 2018, during the Xpander XPO event from 2 to 4 March 2018, and went on sale in May 2018 as the replacement for the Adventure, as well as the first Mitsubishi Motors product under the three-year "Drive for Growth" mid-term business plan. An imported model, it was initially available in ...
A study published by the Bureau of Labor Statistics, the agency that tracks consumer prices, found that dealer markups accounted for 35% to 62% of new vehicle inflation from 2019 to 2022. Paul Ryan, the CEO of a shopping app that monitors prices across about 40,000 dealerships, remarked, "it was the best of times for car dealers, for sure."
New car sticker prices were sent soaring due to chip and supply shortages for critical materials needed to build vehicles. In fact, prices were up 6.3% in 2022, according to J.P. Morgan.
An August report from Kelley Blue Book found that new EV prices dropped about 19% from June of last year. Average new car transactions are still pretty flat, but that could change soon.
May 11 – Irha Mel Alfeche of Matanao, Davao del Sur is crowned Miss Philippines Earth 2024 in the pageant's coronation event held in Talakag, Bukidnon. [417] May 22: Chelsea Manalo of Bulacan is crowned Miss Universe Philippines 2024 in the pageant's coronation night held at the SM Mall of Asia Arena in Pasay. [418]
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 ...