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Used-car market drying up

CUSTOMS CHIEF CHECKS ON CLASSY CARS  Customs Commissioner Ruffy Biazon examines a Corvette Stingray, one of the hundreds of imported used cars at the free port in Sta. Ana, Cagayan. He has asked President Aquino to issue an executive order to settle two allegedly conflicting orders on the importation of second-hand cars for resale in the country.  INQUIRER/ MARIANNE BERMUDEZ

Buyers of imported second-hand cars and vans have begun canceling orders in what vehicle dealers said was the aftermath of the controversial Supreme Court ruling that banned the importation of used cars at the Cagayan Special Economic Zone and Freeport (CSEZFP).

Posted: February 23rd, 2013 in Latest News Stories,Regions | Read More »