Breaking down downpayment and costs So you really like the Toyota Corolla Cross, MG ZS Turbo, or any of the other crossovers that were launched in the past few months? Granted the full price may seem steep, however the financing options seem far more affordable. Can you really afford it? We offer...
Changes to the process The pandemic has affected many aspects of our daily life. As such, it’s only natural to ask, “How is auto financing in the time of the pandemic?” We’ll go through a few of the changes you might experience. Yet in spite of that, you might find that very little has...
Understanding auto insurance It may be your dream car or just your daily driver, but the big question always pops up. Do I need comprehensive insurance? In the Philippines, the law only requires TPL (Third Party Liability) at the very minimum during the LTO annual registration. Comprehensive auto...
The Bank of the Philippine Islands (BPI) and Ford Philippines are making it easier for customers to own their dream Ford vehicles through flexible auto loans and exclusive discounts. Under the partnership, customers can avail easy-to-own plans for the Ford Ranger, Ford Territory, and Ford Everest....
Premium Warranty Services Philippines, Inc. arrives in the country Purchasing a secondhand vehicle in the Philippines has been a daunting experience for many. A buyer can never be fully confident about the vehicle’s apparent and not-so-apparent condition, which impacts the...
Banks are warned against what the central bank referred to as organized crime groups’ (OCG) modus operandi using auto loan products to sell carnapped vehicles to unsuspecting buyers or bank borrowers. In a memo released over the weekend, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi G....
The automotive industry posted a gargantuan 13,315 percent year-on-year increase in sales in April, the highest sales growth ever in the domestic industry’s history, but only because April 2020 was the height of the first lockdown where all businesses practically stood still. A joint report by...
Major motor vehicle producers and markets in ASEAN started 2021 with 13.8 percent reduction in production and 17.5 percent decline in sales in the first month of the year compared to January 2020 with the Philippines lagging behind its peers, data showed. The ASEAN Automotive Federation (AAF)...
Despite a steep 21.1 percent drop in sales in March, motor vehicle sales ended the first quarter this year with an encouraging 8.9 percent growth versus same quarter last year, the joint Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI)-Truck Manufacturers Association (TMA)...
Domestic car manufacturers and traders slammed the decision of the Philippine government to slap a punitive safeguard duty on imported completely built up (CBU) cars and light commercial vehicles (LCVs), citing short and long-term risks to the industrial sector, price hikes, deferment of expansion...
The decline in auto industry sales in ASEAN quickened as of October this year to 33.9 percent as sales further slowed down two months before the year 2020 ends. Data from the ASEAN Automotive Federation showed there were only 248,424 units sold in October bringing total regional sales to...
MIAS Wired is a virtual reality spectacle With public events put on hold this year, many car aficionados may have thought that one of the year’s most anticipated, the Manila International Auto Show MIAS, would be postponed as well. Yet thanks to the hard work of its organizer, Philippine World...
