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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 ...
A car buyers guide featuring more than 700 new vehicles available in the Philippine market was one of the newer features added. The site also covers news and reviews for trucks and buses under the 'Transport & Logistics' section and motorcycles and other two-wheelers with a website called 'MotoPinas.com'.
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 ...
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]
“These trends in the used market are a direct reflection of dynamics in the new-car market as inventory levels normalize,” auto research firm Edmunds said in its Q2 vehicle prices report. “A ...
The Manila International Auto Show 2012, now in its 8th year, was held last March 29 to April 1 at the World Trade Center and was undoubtedly the biggest and most anticipated event for car enthusiasts. 400 cars on display including the newest sports cars from different brands, the best concept cars, hybrid cars, and a lot more were showcased to ...
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 ...