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The newly signed Train (Tax Reform for Acceleration and Inclusion) law makes buying a new car more complicated than ever before. Set to take effect at the start of 2018, Train increases the excise tax rates on vehicles that most consumers who qualify for car financing can afford. In Bracket 1, vehicles sold at net […]
The approved auto excise tax rates of the Tax Reform for Acceleration and Inclusion (TRAIN) delivered a year-end surprise to the Philippine automotive industry. TRAIN has got the car companies re-crunching numbers for their 2018 business plans and projections. It was “not as expected” said Chamber of Automotive Manufacturers of the Philippines (CAMPI) president Rommel […]
Last July, the British government announced that it will ban all new gasoline and diesel vehicles by the year 2040, following France’s announcement that it will do the same.
The January-October 2017 year-to-date sales reports of over 20 Philippine automotive industry players reconfirm that completely built up (CBU) imports greatly outnumber models assembled locally from completely knocked down (CKD) packs.
When the Philippine Daily Inquirer (PDI) was founded in 1985, the Progressive Car Manufacturing Program (PCMP), hatched in 1973 and flaunted as a model car program in Southeast Asia, was collapsing.
The spreadsheet below shows how much CBUs (complete built ups) outnumber locally assembled CKDs (complete knock downs) in car dealer showrooms these days.
With two Korean car manufacturers, Hyundai and Kia, having successfully entered the Philippine market, another Korean challenger arrived a few years ago.
The Vitara (not to be confused with the Grand Vitara) was the first four-wheel Suzuki motor vehicle, along with the Samurai, to be sold in the Philippines, starting in 1994.
How much weight do consumers give to exterior design when they are shopping for a mini subcompact passenger car?
To many car buffs, there is no sweeter sound on earth than the deep-throated rumble of a V8 engine.