The Philippines ranked third most vibrant automotive market in ASEAN in 2022 after Malaysia and Vietnam as overall regional car sales grew 22.7 percent at par with the 23.9 percent growth in the region’s motor vehicle production. Data from the ASEAN Automotive Federation (AAF) showed that car...
The ASEAN automotive industry registered positive growths both in sales and production with all countries, except Myanmar, reporting higher sales as of July this year. Data from the ASEAN Automotive Federation showed the region’s automotive sales went up 27.5 percent to 1,507,331 units from...
Domestic car production staged a dramatic 88.4 percent turnaround in March this year, the first time since the pandemic, with local manufacturers ramping up factory output. Data from the ASEAN Automotive Federation (AAF) showed that Philippines car assemblers produced a total of 8,298 units in...