Toyota, Honda maintain local market lead
Wednesday, August 14, 2019
Toyota is by far the country’s most popular vehicle in terms of new and old registrations, being a firm favourite for many decades.
Figures in recent times, however, have shown that Honda is increasing in popularity, overtaking other previous favourites such as Volkswagen, Mazda and Nissan, particularly in terms of first registrations.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...