2007 Oxford Business & Economics Conference
ISBN : 978-0-9742114-7-3
Used Car: What’s the Use?
A Philippine Experience of Surplus Vehicles
Candy Lim Chiu
Submitted to:
Oxford Journal of Business and Economics – Oxford University
Abstract
The automotive industry in the Philippines is less developed than its ASEAN
neighbors. Since the Asian Financial Crisis, the industry has struggled to regain steady
market growth and experience moderate recovery. This can be attributed to
government legislation and relaxed policies that are improving prospect for surplus
vehicle market that would help expand the domestic industry. The trend led to a
dramatic shift of Filipino consumer purchases from new to surplus vehicles.
The main objective of the study is to determine what will be the long-term
well-being of the entire nation with the presence of the surplus vehicle sector? This
study focused on the development and structure of surplus vehicles or known as used
cars and illustrate how reliable such commodities as a means of investment. With the
impact of used cars completely different according to every country, is Philippine
economy ready to accept the presence of the said sector?
Keyword: Used Car, Surplus Vehicle, automotive industry, Philippines
June 24-26, 2007
Oxford University, UK
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