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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 3 ...
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 ...
From better fast-charging for long drives in electric vehicles to powered climate control vents, 2024’s best new-car features came in some surprising packages.
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.
A Sarao jeepney in Olongapo in 1973. Sarao Motors was established in 1953 by Leonardo Sarao, a former kalesa driver turned mechanic, as a small automotive shop with an initial budget of ₱700 (equivalent to ₱91,211 in 2021).
The average price paid for a new, non-luxury vehicle in July was $44,700, according to Kelley Blue Book. That was up 0.5% from the previous year but $471 lower than the previous month.
Its main production facility, the 82-hectare Toyota Special Economic Zone (TSEZ), is located in Santa Rosa, Laguna for assembling cars. TMPC is also the provider of financial services unit, Toyota Financial Services Philippines, and Lexus Manila, Inc., the official distributor of Lexus cars. [1]