BPI Family cuts rates, waives fees on auto loans

AS car companies anticipate deliveries to pick up pace in the second half of the year -- domestic vehicle sales have dropped 9.3% in 2018’s first four months as consumers appeared to have made their purchases earlier in an effort to beat the higher taxes imposed on automobiles beginning in January -- a leading bank could play a role in the segment’s recovery as it started to offer more accessible financing packages for vehicle (and house) purchases.

Banks themselves are complicit in irresponsible car purchases

By Vernon B. Sarne
We need to sit down and talk about an ugly truth in the automotive business: Many Filipinos who “buy” cars have no business doing so. And that’s because these “buyers” really can’t afford one. They just get enticed by insanely low down payments and the moronic desire to impress or keep up with the neighbors.

Go-Jek entry harmful to TNC industry, Former LTFRB board member claims

In the latest episode of the BusinessWorld Discussions podcast, Antonio E. Inton, Jr. founder of Lawyers for Commuters Safety and Protection said that his...

Staking new ‘Terra-tory’

IN perhaps what could be considered a long-overdue move, Japanese automaker Nissan Motor Co. has finally made its presence felt in the midsize SUV category with the regional introduction of its new frame-based Terra.

Volkswagen’s China-sourced units expected to grow PHL sales by 60%

TO BE perfectly honest, not a few mouths were left agape when Volkswagen Philippines announced a five-model onslaught last May 18. The China-sourced and badged models -- the Santana, Santana GTS, long-wheelbase Tiguan, Lavida and Lamando -- are widely expected to reestablish the German brand’s presence here while boosting sales.

Mazda brings out upgraded MX-5

THE upgraded Mazda MX-5 sports roadster, with new safety features and performance enhancements, is now available in all 20 showrooms of Mazda Philippines.

New RS 5 Coupe arrives in local Audi showrooms

THE high-performance version of Audi’s midsize coupe is now in the Philippines.

Porsche set to double investment in future tech

PORSCHE said it would have invested more than $7 billion in its electromobility projects by 2022, which will come on top of “sizeable investments in its sports car business.” Spending will focus on derivatives of its Mission E model, hybridization and electrification of its current model range, as well as on developing smart mobility and charging infrastructure.

Feeling blue

BLUECHEM products have been used exclusively in various auto dealerships in the Philippines since 2009. Now, the German brand’s range of cleaners and flushers for engines and transmissions can be purchased directly by consumers through select stores and online channels.

How important is brand value in the car industry?

By Vernon B. Sarne
I ask the question because the market research firm Millward Brown has just released its annual brand equity report called the “BrandZ Top 100 Most Valuable Global Brands.” In it, the biggest companies in the world are ranked according to their so-called brand value. So first, a definition: What exactly is brand value?

Extreme Experience

IF you ask the experts, nothing quite beats the insight and experience of getting behind the steering wheel in order to firm up impressions about a vehicle. Yes, amid all the resources and tools -- mostly online -- available to the contemporary car buyer, it is unwise to pull the trigger on a sale without even taking the car for “a spin,” even if that merely consists of a drive around the block and, with luck, a brief moment of heightened speed.

The ‘Balesin’ Toyota’s court

THE anticipation and hype surrounding Toyota Motor Philippines’ (TMP) newest compact SUV, the Toyota Rush, weeks prior to its grand public launch last May 5 and 6 was rivaled only by the guessing game around where the leading auto manufacturer would go for this year’s edition of its annual Road Trek event.