ADVERTISEMENT
Manila Bulletin devider Drive devider Toyota shares optimism for auto industry in 2023

Toyota shares optimism for auto industry in 2023

Published Dec 16, 2022 10:58 am

On-track to surpass previous milestone

Toyota Motor Philippines (TMP) is seeing a turn around in the automotive industry as several favorable conditions are fueling demand for new vehicles. In a recent get together with select members of the media, Toyota’s top executives shared their insights into the past year and their outlook for 2023.

Alfred Ty, Chairman, Toyota Motor Philippines

“After a rocky start as a result of the Omicron virus spread in January, we have seen a resurgence in the automotive market,” shared Alfred Ty, chairman of TMP. “New vehicle sales have come back strongly especially due to the re-opening of the economy and return of pent-up demand in March. The peaceful elections and pro-business policies of the new administration give us much hope and reason to be optimistic. In fact, Toyota sales as of November are already 8% higher than pre-COVID while the automotive market is now 87% of pre-COVID levels and catching up more quickly. I believe that the recovery could have been much further along if not for supply disruptions.”

Similar sentiments were shared by Toyota’s president, who recounted Toyota’s successful activities in the past year that include the launch of the all-new Raize, Avanza, Veloz, Lite Ace, and Toyota Mobility Solutions, T Sure, and Kinto One ownership and usership programs.

Atsuhiro Okamoto, President, Toyota Motor Philippines

“I am very happy to say that TMP is still the leader in electrification with Toyota and Lexus making up 70% of electrified vehicles in the country today, said Atsuhiro Okamoto, president of TMP… 2023 is going to be a big year for us all. For one, we are looking at continued market recovery outlook which will allow us to surpass our previous sales milestone in 2017 of 183,000 units.

In celebration of this good news, Toyota is also offering exciting deals and promotions for its wide range of vehicles.

Pay Low, Pay Light, or Cash Savings

A tribute to the 12 days of Christmas, 12 Toyota models can be availed through the Pay Low, Pay Light or Cash Savings options this season. Under the Pay Low option, customers can get a brand-new Vios, Corolla Altis, Rush, Innova or Fortuner for as low as 15% down payment, 60 months to pay, free one-year insurance and year-year LTO registration with no chattel mortgage (finance lease).

The Pay Light option lets buyers purchase the Vios, Wigo, Corolla Altis, Avanza, Veloz, Rush, Raize, Innova, Fortuner, Hilux or Hiace with low monthly plans, 50% down payment and 60 months to pay.

Under the Cash Savings option, customers can get cash savings from P10,000 to P50,000 depending on the model. It encompasses the Rush, Innova, Lite Ace pickup, Corolla Altis, Vios, and Fortuner.

Trade-in Rebate

There’s also a treat for those thinking of upgrading to a new vehicle this holiday season. Get a rebate when you trade your Wigo to a Vios, Vios to Innova, Vios to Raize, or Vios to Avanza / Veloz or Raize Turbo.

Free One-year Insurance

As a final present from TMP to its Filipino customers, all new Vios, Corolla Altis, Raize, Avanza, Veloz, Rush, Innova, Fortuner, Hilux and Hiace purchased in December are eligible for free one-year insurance. Customers are entitled to a one-year Comprehensive Insurance provided by Toyota Insure with Emergency Roadside Assistance; Own Damage; Loss/Theft; Excess Bodily Injury; Property Damage; Acts of Nature; and Passenger Auto Personal Accident Insurance. The owner should note that the insured vehicle cannot be converted into a public utility vehicle; it may only be used for private purposes. The vehicle will be insured for a full year beginning on the day of release.

Make the holiday season more exciting with Toyota’s special promos and deals. All deals and promotions run until December 31 only.

Related Tags

Toyota 2023
ADVERTISEMENT
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1561_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1562_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1563_widget.title }}

{{ item.title }}

{{ articles_filter_1564_widget.title }}

{{ item.title }}
.mb-article-details { position: relative; } .mb-article-details .article-body-preview, .mb-article-details .article-body-summary{ font-size: 17px; line-height: 30px; font-family: "Libre Caslon Text", serif; color: #000; } .mb-article-details .article-body-preview iframe , .mb-article-details .article-body-summary iframe{ width: 100%; margin: auto; } .read-more-background { background: linear-gradient(180deg, color(display-p3 1.000 1.000 1.000 / 0) 13.75%, color(display-p3 1.000 1.000 1.000 / 0.8) 30.79%, color(display-p3 1.000 1.000 1.000) 72.5%); position: absolute; height: 200px; width: 100%; bottom: 0; display: flex; justify-content: center; align-items: center; padding: 0; } .read-more-background a{ color: #000; } .read-more-btn { padding: 17px 45px; font-family: Inter; font-weight: 700; font-size: 18px; line-height: 16px; text-align: center; vertical-align: middle; border: 1px solid black; background-color: white; } .hidden { display: none; }
function initializeAllSwipers() { // Get all hidden inputs with cms_article_id document.querySelectorAll('[id^="cms_article_id_"]').forEach(function (input) { const cmsArticleId = input.value; const articleSelector = '#article-' + cmsArticleId + ' .body_images'; const swiperElement = document.querySelector(articleSelector); if (swiperElement && !swiperElement.classList.contains('swiper-initialized')) { new Swiper(articleSelector, { loop: true, pagination: false, navigation: { nextEl: '#article-' + cmsArticleId + ' .swiper-button-next', prevEl: '#article-' + cmsArticleId + ' .swiper-button-prev', }, }); } }); } setTimeout(initializeAllSwipers, 3000); const intersectionObserver = new IntersectionObserver( (entries) => { entries.forEach((entry) => { if (entry.isIntersecting) { const newUrl = entry.target.getAttribute("data-url"); if (newUrl) { history.pushState(null, null, newUrl); let article = entry.target; // Extract metadata const author = article.querySelector('.author-section').textContent.replace('By', '').trim(); const section = article.querySelector('.section-info ').textContent.replace(' ', ' '); const title = article.querySelector('.article-title h1').textContent; // Parse URL for Chartbeat path format const parsedUrl = new URL(newUrl, window.location.origin); const cleanUrl = parsedUrl.host + parsedUrl.pathname; // Update Chartbeat configuration if (typeof window._sf_async_config !== 'undefined') { window._sf_async_config.path = cleanUrl; window._sf_async_config.sections = section; window._sf_async_config.authors = author; } // Track virtual page view with Chartbeat if (typeof pSUPERFLY !== 'undefined' && typeof pSUPERFLY.virtualPage === 'function') { try { pSUPERFLY.virtualPage({ path: cleanUrl, title: title, sections: section, authors: author }); } catch (error) { console.error('ping error', error); } } // Optional: Update document title if (title && title !== document.title) { document.title = title; } } } }); }, { threshold: 0.1 } ); function showArticleBody(button) { const article = button.closest("article"); const summary = article.querySelector(".article-body-summary"); const body = article.querySelector(".article-body-preview"); const readMoreSection = article.querySelector(".read-more-background"); // Hide summary and read-more section summary.style.display = "none"; readMoreSection.style.display = "none"; // Show the full article body body.classList.remove("hidden"); } document.addEventListener("DOMContentLoaded", () => { let loadCount = 0; // Track how many times articles are loaded const offset = [1, 2, 3, 4, 5, 6, 7, 8, 9, 10]; // Offset values const currentUrl = window.location.pathname.substring(1); let isLoading = false; // Prevent multiple calls if (!currentUrl) { console.log("Current URL is invalid."); return; } const sentinel = document.getElementById("load-more-sentinel"); if (!sentinel) { console.log("Sentinel element not found."); return; } function isSentinelVisible() { const rect = sentinel.getBoundingClientRect(); return ( rect.top < window.innerHeight && rect.bottom >= 0 ); } function onScroll() { if (isLoading) return; if (isSentinelVisible()) { if (loadCount >= offset.length) { console.log("Maximum load attempts reached."); window.removeEventListener("scroll", onScroll); return; } isLoading = true; const currentOffset = offset[loadCount]; window.loadMoreItems().then(() => { let article = document.querySelector('#widget_1690 > div:nth-last-of-type(2) article'); intersectionObserver.observe(article) loadCount++; }).catch(error => { console.error("Error loading more items:", error); }).finally(() => { isLoading = false; }); } } window.addEventListener("scroll", onScroll); });
Join Our Newsletters

Sign up by email to receive news.

© 2025 Manila Bulletin The Nation's Leading Newspaper. All Rights Reserved.