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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 ...
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 ...
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 ...
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).
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 new company is a joint-venture between Nissan Motor Company (51%), UMC (24.5%) and Yulon (24.5%). [2] With the establishment of the new company, UMC and NMPI (renamed Univation Motor Philippines, Inc. in October 2014, after the Nissan reorganization) will continue as assemblers for NPI.
Used car prices rose more than 40% annually in both June and July 2021, and again in January and February 2022. ... downward pressure on new car prices, too, which now top $45,000 on average ...
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.