PH motorization just around the bend - Inquirer.net
THE FIRST half of 2015 has seen a massive growth for the local automotive industry. If we look at this growth figure, that means that on the strength of the first half of 2015 alone, the Philippine automotive industry will be close to nudging the 300,000 units sold even with no increase in sales for the second half of 2016. What... The per capita income of the Philippines is close to $3,000 per annum. Lastly, it is the cars themselves that have spurred this industry growth. The once-established segments in the industry have been shrinking, replaced by a more specialized niche segment. The Philippine automotive industry is at a golden age. It’s easy to buy a new car and we are spoilt for choice, from the entry-level range all the way to exotics and sports cars. We checked out the newest releases in the automotive industry launched during the first half, as well as upcoming models which will break cover through the rest of the year up to the first quarter of 2016. Pickup wars. Nissan’s Navara fired the first salvo, releasing the all-new NP300 Navara along with Mitsubishi’s all-new Strada pickup. Source: motioncars.inquirer.net
