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Hyundai Motor Philippines, Inc. (HMPH) is currently the official distributor of Hyundai passenger cars in the country after the company was able to take over operations from HARI in early 2022, [36] Audrey Byun is the CEO, while Lee Dong-wook is the President and Victor Jose Vela is the Deputy General Manager of the company.
Introductions in other markets started since 2018, and the vehicle is mainly sold in emerging countries in Southeast Asia along with several Latin American, African and Middle Eastern markets. It was the fourth best-selling Mitsubishi Motors model globally in 2018 and 2019, [11] [12] and became its third best-selling model in 2021. [13]
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 3 ...
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]
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 ...
“We can tell you that new vehicle price inflation has almost disappeared this year,” the report said. More From GOBankingRates Jaspreet Singh Shares 5 Ways To Grow $10k to $100k in Three Years
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 .
In fact, prices were up 6.3% in 2022, according to J.P. Morgan. That sticker shock led to a huge increase in demand for used cars , with prices there also increasing 42.5% as of September.