The vehicles were a used BMW 745 Sedan, a used BMW 745 Li Sedan and a Hyundai Equus JS350 Sedan.
The Bureau of Customs (BOC) has impounded three high-end used cars from South Korea worth P10 million which were shipped to Subic, Zambales province, early this year.
In a statement, the BOC said the three high-end cars arrived at the Subic port on board the MV SITC Osaka 1636S in January this year.
Customs Commissioner Nicanor Faeldon had issued an alert order regarding the vehicles upon the recommendation of the Customs Intelligence and Investigation Service-Intelligence Group.
However, its shippers violated a provision of the Customs Modernization and Tariff Act, in relation to Section 3 of Executive Order 156 which prohibits the importation of used motor vehicles.
As it stated in
Oman sees drop in prices of used cars
“Prices of vehicles declined significantly within last three months,” Ahmad, a trader told The Peninsula at second hand vehicles market at Industrial Area.
As the prices of used cars, especially more than five years old, have fallen further due to decreasing demand caused by business slump and upcoming summer vacation.
The old model vehicles (more than 10 to 15 years) have almost lost their charm.
One of my friends is also trading in used cars and he sold a vehicle two days ago at a loss of QR500,” he added.
“Prices of the latest model vehicles went down slightly by a few thousand riyals.
As it stated in Combining these two approaches, used-car shopping and research site CarGurus.com has picked its best late-model used cars in seven categories.
Let’s take a closer look at these seven late-model used cars.
In shopping for a used car, of course you want a slick-looking, great-driving, reliable model.
Since many leased cars are returned after three years, we decided to focus on the 2014 versions of these vehicles.
But you also want to know it won’t lose too much value if you’re ready to sell it a few years later.