auto mart

All good things come to an end

Is love enough?Poeple always say once you have love you get the whole world,that love means everything.Only love won’t make it.Life is more complex than we thought.We easily get tired,even we have true love in hand.
I’m confused.These days I failed to make out what I really want to do and what can I do?Once I believe that one has just to do what he want to do,that will be enough.Yet I began to wonder.Teacher hopes me to write something seriously,to prepare for the future job-hunting.I want it too.I try.That’s desparating.Something I can’t do,indeed.There is something I really can’t do.God forgive me.

Finally I have made up my mind to go for the graduate exam.I want to go to bfsu to learn English with my whole heart.It was the dream from the first day I got in touch with English.I know I love it ,really.Nothing had attracted my mind so much.I know the road to this dream could be bitterly hard.And I’ve decided to have a try,to action up really.This time,I won’t let my dream fly away.Years ago,I thought that a dream was a too expensive thing for me to pay for,any one was the same.Today,all the dreams are as expensive as they used to be.But I’m not afraid any more.I’ve learnt to be stronger,to get what I want,to go where I dream for.I’m ready.

Mighty Car Mods EP15 Nissan March Super Turbo

Grand Theft Auto 3 (PC): Mission 44-Bait

The Philippines is a middle-income country, with per capita income in purchasing power parity (PPP) terms of $5,137. PPP is what the $5,137 can buy in local goods and services in the Philippines, not the equivalent goods and services in the United States.

Of the 16 million households in the Philippines, 10 million can be considered middle income because of OFWs who remitted $14 billion last year and probably will remit $16 billion this year. Ten million OFWs and total remittances of $16 billion translate into $1,600 remittance per worker per year. Since each family has 5.5 members, $1,600 in turn translates into additional per capita income of $291 for family members of 10 million of the Philippines’ 16 million families.

In 2007, Filipinos had per capita income, in nominal terms, of $1,665.46. Add the $291 additional per capital income from OFW earnings, you have $1,956 per capita for the 5.5 members in two of every three households in the country. Stated another way, two of every three households in the country have total family income of $10,760 a year—a formidable purchasing power. Multiply the $10,760 by three (because of purchasing power parity multiplier) and you get $33,188 family income, in PPP terms, in two of every three households in the archipelago. Thus, one can safely conclude that the potential market for autos in the Philippines is about ten million—the number of households or families with annual family income of $33,188, in PPP terms. And how many units are sold yearly today? Only 125,000—just 1.25 percent of the potential market. A 10-million-unit market for local autos is not such an outlandish idea. India’s auto giant Tata Motors has unveiled a $2,500 mass-market Nano car. With cost increases, the Nano will probably retail at $3,000—certainly within the purchasing power of the $33,188 income per year of two of every three households in the Philippines.

Normally, one allocates from 20 percent to 30 percent of a family’s income to make a car purchase or from $6,638 to $9,956 per year over a period of say, two years to five years. The Nano’s $3,000 tag price comes within this budget range. Obviously, the $3,000 Nano will not arrive in the Philippines anytime soon. But the Nano’s production puts tremendous pressure on Philippine auto assemblers to produce cheaper cars, at a price of say, $10,000 per unit or P450,000. China’s Chery is such a car today. Its presence shows to the industry that a cheap car can be viable. China and India together have emerged as the mass market for automobiles, now and in the future. China has emerged as the next largest automobile market, after the US. China today has only 32 million vehicles or a vehicle ratio of 24 per 1,000. India’s ratio is closer to 10 per 1,000.

China and India becoming huge markets for cars opens opportunities for Philippine vehicle and components producers. Free trade agreements are being forged by the Asean member states, including the Philippines, with China initially and India later.

China or India can provide the market, Japan the technology, design, and financing, and the Philippines and its Asean neighbors the specialty production of specific auto parts and components.

China has a population of 1.32 billion, India 1.13 billion, and the Asean 500 million—a total of about 3 billion, half of humanity. The doubling of the price of oil has wiped out tariff gains from globalization in exporting to say, Europe or America, and increased freight costs to a point where regional globalization or shipping markets within the region, becomes infinitely viable. It is now cheaper to ship a container from Southeast Asia to China than it is to ship to the US, which today remains the world’s largest consumer market.

Meanwhile, the need to sell vehicles to a greater number of buyers has impelled the Department of Trade and Industry (DTI) to take a second look at the local vehicle industry. DTI Secretary Peter Favila notes that it takes P1 million to buy a car these days. The amount is far above the disposable income of most families. The high cost of locally assembled vehicles provides impetus to a lucrative smuggling activity, especially in some of the country’s free ports (except perhaps Subic). The Senate is investigating possible smuggling of used secondhand vehicles at the Port Irene free port in Cagayan, home province of Sen. Juan Ponce Enrile, a powerful ally of President Arroyo.