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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 ...
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 ...
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 ...
From 1987 to 2018, MMPC was the distributor of Mitsubishi Fuso commercial vehicles in the Philippines until Sojitz Fuso Philippines Corporation was established in September 2018. The company's slogan is "Drive your Ambition", which has been part of Mitsubishi Motors' global rebranding since 2018.
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. [393]
Used car prices are influenced by a range of factors, from the vehicle's make and model to the state of the economy. ... Higher prices on new cars might convince consumers to buy used cars, they ...
In February 2024, another recall was issued for the Avanza and Veloz marketed in Indonesia, Malaysia and Philippines alongside the Malaysian market Perodua Alza. [170] [171] These vehicles received an incorrect tightening of the front shock absorber nuts, which may cause damage to the vehicle posing risk to stability. A total of 163,654 units ...
Prices on used Tesla models had also been dropping, increasing pressure to adjust new-car prices. For 2021, the United States and China combined had accounted for about 75% of Tesla sales ...