The local automotive industry is optimistic that vehicle sales this year would hit the lofty target of 500,000 units, which would be an all-time high, even as over 100,000 units are still left unsold with just two months left. Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI)...
The so-called “ghost month” took a toll on the automotive industry in August, as year-to-date vehicle sales growth came to a near halt at 0.2 percent as sales declined across nearly all car segments, marking the slowest growth rate of the year. Ghost month, which falls in August, usually...
The country’s car sales posted a 1.4 percent increase in July, the slowest growth rate for the year, as the industry reels from the impact of severe weather disturbances. Based on a joint report by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers...
The country’s leading automotive industry association, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), commemorated its 30th anniversary with a grand gala held at the Grand Hyatt Manila in Taguig City. Themed “30 Years and Beyond: Together, Driving the Future of...
Expect pickup trucks to be more costly after the provision reimposing the excise tax on the vehicle type was approved, alongside other tax reform measures under the proposed Capital Market Efficiency Promotion Act (CMEPA). The CMEPA, a legislation deemed a priority of the administration under the...
Vehicle sales in the Philippines grew by 2.5 percent in April, which marked the slowest growth in seven months, amid a sharp decline in passenger car sales. A joint report by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed...
Car sales in the Philippines rose by six percent at the end of March, totaling to over 110,000 vehicles sold, driven largely by strong demand for multi-purpose commercial vehicles. A joint report by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers...
Car sales in the Philippines posted a six-percent hike as of the end of February, driven by a growing demand for electric vehicles (EVs) and personalized driving experiences, according to the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI). A joint report by CAMPI and the...
DETROIT — Ford Motor Co.'s first-quarter net income fell 24% from a year ago as the company's combustion engine vehicle unit saw revenue and sales decline. The Dearborn, Michigan, automaker said Wednesday it made $1.33 billion from January through March, compared with $1.76 billion a year...
DETROIT — New vehicle sales in the U.S. rose nearly 5% from January through March, as buyers stayed in the market despite high interest rates. But electric vehicle sales growth slowed during the first three months of the year, with mainstream buyers wary of limited range and a lack of...
Domestic motor vehicles sales in February this year went up 23.2 percent to 38,072 units, bringing year-to-date sales to 72,132 units or 19.4 percent higher compared to the first two months of 2023, industry data showed. A joint report by the Chamber of Automotive Manufacturers of the...
Carsales in May this year grew a dramatic 44.8 percent versus May 2022 with 38,177 units sold, bringing year-to-date sales to 166,104 units or 31.5 percent higher than the same period last year, a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck...
