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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 ...
At that time, average transaction prices for new vehicles were $38,259,” KBB’s Renee Valdes wrote, underscoring the price gulf that had emerged between 2019’s prices and those closing out 2024.
Kelley Blue Book reports new car prices rose 5.9% versus a year ago, which has moderated somewhat, but the market share for luxury vehicles hit a new record in January (19.6% of the overall market).
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]
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 ...
In the Philippines, the Xpander Cross was launched on 12 March 2020 as the replacement of Xpander GLS Sport marketed as an SUV. [30] It was also launched in Thailand on 16 March 2020. [ 31 ] The Xpander Cross was launched in Vietnam on 16 July 2020 alongside the updated Xpander, [ 32 ] the model also launched in Brunei on 9 July 2021 (facelift ...
July 2024 data showed that the inflation rate had dropped to 2.9%, the lowest since March 2021, with used car prices returning to normal following the 2020–2023 global chip shortage. [182] Increases in rent, [183] childcare [184] and electricity [185] still outpaced inflation at around 5%.
However, the auto market came in much cooler, with prices for new vehicles rising 0.3% for the month, but only 1% year over year. The 2023 yearly figure was a big drop compared to last year’s 5. ...