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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 ...
There will come a time when your car will start costing you more than you’d reasonably expect to spend, but with regular maintenance and the advancements in automotive technology, new cars are ...
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.
The average price of a new car rose above $41,000 for the ... J.D. Power predicts total new vehicle sales in 2021 will reach 15 million units, down from the 16.9 million sold in 2019 ...
In September 2024, the facelifted Carnival debuted in the Philippines with the same trim levels and engine option from the pre-facelift model, but both variants comes with a 7-seater configuration. [84] The Turbo HEV variant was later added in November 2024, as the first hybrid electric vehicle from Kia marketed in the Philippines. [85]
If you've been waiting to buy, now could be the time. Due to supply chain issues, silicon chip shortages and demand, new cars were among the categories hardest hit by inflation in 2023. See: Biden ...
In November 2021 the LTO have already released new red plates for government vehicles registered from 2016 to 2019. In 2024, the LTO released the new series of red plates for government vehicles which indicate the second letter as the region where they were registered (e.g. SNA for Metro Manila; SDA for Calabarzon).