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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.
After looking at statistics from 2023 in addition to 2024’s predicted forecast, the information indicated that 2024 may be a good year to purchase your next car due to the predicted normalcy and ...
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.
A report from UBS estimates that global car production will exceed sales by 6% this year, leaving an excess of 5 million vehicles that will require price cuts to get sold off of lots, Yahoo ...
March 11 – President Marcos signs into law Republic Act No. 11984 or the No Permit, No Exam Prohibition Act, allowing students with unpaid school fees to take examinations, [54] [55] and Republic Act No. 11983 or the New Philippine Passport Act, which allows for online Philippine passport applications.
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A TomTom Traffic Index report in 2024 cited Metro Manila as having the worst traffic in the world for a metropolitan area. [47] Economic losses due to traffic congestion costs about ₱3 billion, as of 2012. [48] By 2030, over ₱6 billion will be lost in the Philippines' economy due to traffic congestion, according to JICA. [49]