{"id":269969,"date":"2020-09-26T08:06:29","date_gmt":"2020-09-26T12:06:29","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=269969"},"modified":"2020-09-26T08:06:29","modified_gmt":"2020-09-26T12:06:29","slug":"entry-level-commercial-vehicles-to-drive-ph-car-market","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/09\/26\/entry-level-commercial-vehicles-to-drive-ph-car-market\/","title":{"rendered":"Entry-level, commercial vehicles to drive PH car market"},"content":{"rendered":"
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The industry expects recovery this month as lockdown measures have been eased, added Aligado. (Pexels Photo)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0\u2013 Entry-level vehicles and those that are used for businesses will drive the Philippine car market until the end of the year.<\/p>\n

KIA Philippines president Emmanuel Aligada, in a virtual media launch of the new Stonic on Friday, said the new sales target of the industry for this year is possible to be achieved with a strong interest for entry-level cars and commercial vehicles.<\/p>\n

\u201cThere\u2019s strong interest in entry-levels, as I have said before. Those who are very conscious and very concerned about safety on travelling as the economy has opened, and therefore the entry-level vehicles are the ones that getting a lot of interest. Plus of course, that those are used for the businesses, the commercial vehicles,\u201d said Aligada.<\/p>\n

He mentioned that the industry\u2019s original target for this year was 420,000 units. But due to the challenges brought by the pandemic, the carmakers now eye 275,000 units by end-2020, down by 35 percent from the original target.<\/p>\n

He noted that the auto industry had a slight decline last month as the government decided to revert Metro Manila and four other nearby provinces to stricter community quarantine measures.<\/p>\n

The industry expects recovery this month as lockdown measures have been eased, added Aligado.<\/p>\n

\u201cWith about a little over three months left for the year, it looks like we will be able to hit that 275,000 target by the end of the year,\u201d the executive said.<\/p>\n

Meanwhile, KIA Philippines unveiled its eleventh car model in the country, the compact crossover KIA Stonic.<\/p>\n

With a starting price of PHP675,000, Stonic\u2019s market is the young and active millennials.<\/p>\n

KIA Stonic will be launched here on October 15 and will be available in KIA dealerships nationwide.<\/p>\n

From 30 dealerships at the start of the year, KIA Philippines eyes to end 2020 with 38 networks nationwide.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0\u2013 Entry-level vehicles and those that are used for businesses will drive the Philippine car market until the end of …<\/p>\n","protected":false},"author":44,"featured_media":210217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-269969","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-kris-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/269969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=269969"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/269969\/revisions"}],"predecessor-version":[{"id":269970,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/269969\/revisions\/269970"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/210217"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=269969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=269969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=269969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}