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Its history traces back to 1989 when its founder Felix R. Ang opened CATS as a car accessories, tires sales and servicing business. In 1991, Mercedes-Benz appointed CATS Motors as an authorized workshop in the Philippines, and eventually as a dealer in 1993.
Dealer or retail price is the price expected to pay if buying from a licensed new-car or used-car dealer. Dealer trade-in price or wholesale price is the price a shopper should expect to receive from a dealer if trading in a car. This is also the price that a dealer will typically pay for a car at a dealer wholesale auction.
In Kenya in 2016, farmers have reportedly used OLX to sell their produce and livestock, especially chicken and cattle. [25] [26] In late 2016 it launched Tradus as a heavy machinery classifieds site. [27] OLX ceased its operations in Venezuela on September 11, 2018, due to complex political issues and lack of free dealing. [28] [29] [30]
A dealer auto auction is a specialized form of auction. Millions of vehicles are sold at such dealer auto auctions every year. These auctions are restricted to the general public and only licensed dealers can participate. Prices of vehicles sold at dealer auctions tend to be lower than those advertised on any dealer's lot.
In the United States, vehicle sales peaked in 2000, at 17.8 million units. [18] In July 2021, the European Commission released its "Fit for 55" legislation package, [19] which contains important guidelines for the future of the automotive industry; all new cars on the European market must be zero-emission vehicles from 2035. [20]
The Philippines' automobile industry started during the American colonial period from 1898 to 1946, with the introduction of American-made cars, which have been sold in the Philippines ever since. An import substitution policy was developed for the 1950s, which led to the prohibition of and then punishingly high tariffs on the import of fully ...