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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 ...
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.
At that time, average transaction prices for new vehicles were $38,259,” KBB’s Renee Valdes wrote, underscoring the price gulf that had emerged between 2019’s prices and those closing out 2024.
As new car supply and sales plummeted, demand for used models increased prices and sales exponentially, leading to some used vehicles costing more than new ones. In fact, in 2022, the average ...
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).
The first electric vehicle battery plant in the Philippines is inaugurated in New Clark City. [ 392 ] The Department of Transportation awards Aboitiz InfraCapital with a ₱12.75-billion contract to oversee the rehabilitation of Laguindingan Airport .
Kelley Blue Book reports new car prices rose 5.9% versus a year ago, which has moderated somewhat, but the market share for luxury vehicles hit a new record in January (19.6% of the overall market).
Car of the Year 2021, Mid-size Company Car of the Year 2021, and Premium Electric Car of the Year 2021 from Auto Express at the New Car Awards 2021. [100] Won 2021 IDEA Design Award gold prize. 2022 New Zealand Car of the Year [101] 2022 German Car of the Year; 2022 'Best Import Cars of the Year' by Auto Bild, winning the "Electric Car" category.