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Why people can't afford cars The crux of the problem comes down to how most car buyers define affordable, which often depends on many factors beyond the manufacturer's suggested retail price ...
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 ...
Used car prices fell by 10.9% over the past year, marking the third-largest drop in prices across all goods and categories that the CPI tracks. Rental and new cars also got cheaper, with prices ...
Ford Group Philippines, Inc. (FGPI) is a Philippine-based subsidiary of Ford Motor Company. It was primarily focused on manufacturing automobiles for local and regional markets from 1998 until 2012. It built the Ford Escape , Ford Laser / Lynx , Ford Focus , Mazda3 , and Mazda Tribute for the Philippines, Thailand , Indonesia , Singapore ...
Hong Kong does not have import tax for cars, however, the first registration tax is high. And the first registration tax rate is progressive, which means a higher price car will fall into a higher tax bracket. Since the used car values are mostly lower than new cars of the same model, used car can enjoy a lower tax rate due to depreciated car ...
"Every car that comes out of any dealership is going to raise the prices," Maoli said. "Parts come from all over the world." The average price of a new passenger vehicle in the U.S. in December ...
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 ...