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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 ...
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 ...
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.
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.
Used car prices rose more than 40% annually in both June and July 2021, and again in January and February 2022. Prices for used cars and trucks are still 16.9% higher than in July 2019.
The Jolion was launched in Australia on 2 July 2021, with three trim levels: Premium, Lux and Ultra, it is powered by a 1.5-litre turbocharged petrol engine. [17] In August 2022, the HEV powertrain was added based on the flagship Ultra trim. [18] A few months later, the Jolion HEV became available in a more affordable Lux trim. [19]
The average price has dropped about 2% from a record high of $45,578 set in December 2022. Electric vehicle prices are down about 19% from June 2022, KBB reported. Manufacturer incentives averaged ...
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.