23 May 2015

Toyota Corolla Index

TMP 1

German carmaker hands over first batch of official premium mobility units to PH government

MANILA, Philippines – The APEC 2015 National Organizing Committee (APEC-NOC) today accepted a sponsored fleet of BMW vehicles from Asian Carmakers Corporation (ACC), the official importer and distributor of BMW in the Philippines, during a symbolic ceremony held at the Kalayaan Hall of the Malacañan Palace. ACC President Maricar Parco and the APEC-NOC, led by Executive Secretary Paquito “Jojo” Ochoa, were among those in attendance.

As the official premium mobility partner of the APEC Economic Leaders’ Meetings, BMW is set to provide over 200 units of the BMW 7 Series Long-Wheelbase Sedan and BMW 5 Series in Sedan & Gran Turismo forms to serve as mobility shuttles for world leaders and APEC dignitaries throughout the international forum.

 

 

Yokohama Philippine GT Championship kicks-off 2015 season on a high

Clark International Speedway, Philippines (19 May 2015) – The Yokohama Philippine GT Championship is finally back with the 2015 season, starting with the first race of the year held last May 16 to 17 at the Clark International Speedway (CIS).

Like before, the race weekend hosted a 10-lap Sprint race and a 15-lap GT Race on Sunday. Race cars are then classified according to horsepower rating, divided into GT 300, GT 200, GT 150, and GT 100. Sponsored by Yokohama Tire Sales Philippines, Inc. (YTSP), the faster GT 300 cars are required to run ADVAN A050 racing tires for the whole season. Competitors in GT 200, GT 150, and GT 100, on the other hand, have the option to run either the A050 or the ADVAN Neova AD08 R performance tire.

A total of 10 cars lined up the grid – ready to compete for the top spot on the podium.

The morning's 10-lap Sprint Race was dominated by GT 300 driver Veli-Matti Kaikkonen in the Häfele Mitsubishi Evolution VIII. The Finish driver led from start to finish and crossed the line with a 21.629 second advantage.

Meanwhile, last year's GT 150 champion, Richmon Dela Rosa, made a rather successful debut in GT 200 when finished 1st in class with his upgraded Honda Civic Del Sol. He was able to beat the 2014 class champion, Paolo Mantolino, who lost 3rd-gear in his chrome Honda Civic FD during the early stages of the race. Walter Zamora then crossed the line in 3rd.

Series newcomer Patrick Dela Rosa, inherited 1st place in GT 150 after Dindo De Jesus was slapped with a penalty for gaining an advantage by driving off track. Bong Perez then limped to a respectable 3rd place in class.

In GT 100, Ivan Diaz claimed 1st place in class ahead of Joginder “King” Sin in 2nd, followed by Edwin Rodriguez who was driving his brand new Mazda 2 SKYACTIV race car, supported by Mazda Philippines.

Come the afternoon's 15-lap GT Race, Kaikonnen and Richmon Dela Rosa once again dominated their respective classes earning them back to back wins. Paolo Mantolino still retained 2nd place in GT 200, followed by Walter Zamora in 3rd.

Likewise, Patrick Dela Rosa achieved back-to-back wins in GT 150 following in the footsteps of his older brother Richmon. Bong Perez was able to fight for 2nd place in the neon-yellow Honda Civic EK with Dindo De Jesus settling for 3rd place in GT 150.

Finally, Ivan Diaz once again finished in 1st in GT 100, followed by Sin in 2nd. Edwin Rodriguez, on the other hand, started from the pitlane and finished a lap down in the Mazda 2 SKYACTIV to claim 3rd. This was the very first race outing for his new machine and hopes to have all the mechanical gremlins sorted by the the next race.

A total of 13 classic Mini Coopers raced in the Philminiracers' Final, which was won by Borgy Zoleta followed by Rick Jason De Guzman in 2nd, and Arvir Gervacio in 3rd. Meanwhile, Kim Lagman was able to beat a pack of 7 racers in the Sparco Bracket Racing Championship. Franklin Ong and Lewy Manio then collected 2nd and 3rd place, respectively.

As for the newly-established Classic Aspirated Cup, which consisted of vintage VWs and Japanese nostalgia, the Top 3 finishers were Dexter Daquigan for VW Modified, Philippine GT Chief Scrutineer Fil Gulfin for 2.0 Modified, and Armand Hipolito for the VW 1600 Class.

Round 2 of the 2015 Yokohama Philippine GT Championship will be held on June 20 to 21 at the Clark International Speedway. It is sanctioned by the Automobile Association Philippines (AAP), sponsored by Yokohama Tires Sales Philippines, Inc., Sparco, and Aguila Auto Glass with support from the offical dyno provider, Speedlab.

For more info or inquiries about the Philippine GT Championship, please contact BRCI at (02) 729-5365 or 0932-860-4522. Get the latest announcements at www.facebook.com/BatangasRacingCircuit or log on to www.batangasracingcircuit.org.



CARMUDI PRESENTS THE “TOYOTA COROLLA INDEX”

The Toyota Corolla, often referred to as the world’s most popular car, is sold on average once every 40 seconds, and that trend has continued over the last 40 years.  

Carmudi, the number one vehicle marketplace in the Philippines, created a Toyota Corolla Index based on listing data in order to investigate the costs of purchasing this standard car in twenty emerging markets in Africa, Asia, Middle East and Latin America, in which Carmudi is established.

A note about our data source: We analyzed our data over the last six months which included over 17,000 Toyota Corolla listings. The most frequently listed used Corolla worldwide was from 2010; however several countries in which Carmudi operates have older cars; for instance, Tanzania’s newest Corolla model was from 2008. In fact, the mean year of production was 2005, which makes sense as Carmudi is known for its used cars.  

To compare the prices across borders, Carmudi examined the average prices of select used Corollas for each country. The criteria for selection were cars built between 2005 and 2011 with between 45000 and 110000 km on the odometer. This criteria was chosen to provide a range of Corollas accessible in all countries, while reducing the disparities between older and newer used vehicles. Fun Fact: The global average of mileage for Corollas listed on Carmudi is 98500 km for the 2005 model, and 67000 km for the while for 2011 model. The average mileage in this study is about 75000 km.

Based on the Economist’s light-hearted Big Mac Index, the Carmudi Corolla Index serves as an at-a-glance tool to understand the wildly ranging price difference in emerging markets. From import taxes, to domestic production not meeting demands, to rising market prices, the cost of the world most popular car is anything but standard.

The most surprising finding was the car prices have absolutely no correlation with the wealth of each country. For instance, a used Toyota Corolla is three times the price in Vietnam (GDP per Capita of $1,910) then the much wealthier UAE (GDP per capita of $43,049). Here in the Philippines an average used Toyota Corolla is 516,513 pesos.

As you read this article, at least three more Corollas were sold somewhere in the world. If you think a Corolla, the world’s bestselling car, is your perfect ride check out www.carmudi.com or simply download the Carmudi app to find it on the go.

About Carmudi

Carmudi was founded in 2013 and is currently available in Bangladesh, Cameroon, Congo, Ghana, Indonesia, Ivory Coast, Mexico, Myanmar, Nigeria, Pakistan, Philippines, Qatar, Rwanda, Saudi Arabia, Senegal, Sri Lanka, Tanzania, United Arab Emirates, Vietnam, and Zambia. The vehicle marketplace offers buyers, sellers and car dealers the ideal platform to find cars, motorcycles and commercial vehicles online.

About APACIG

The Asia Pacific Internet Group (www.apacig.com) is a joint venture of Rocket Internet and Ooredoo. The group’s network consists of 13 e-commerce and online marketplace companies, operating across 15 countries. Since it was founded in 2014, APACIG has become the leading online platform in Asia, building top internet companies in the region.