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...
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...
Driven by robust demand for commercial vehicles, the Philippine auto market recorded substantial sales growth last year, with industry leaders optimistic about continued expansion this year. Data from the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck...
Domestic motor vehicle sales in the first quarter this year went up by 30.1 percent to 97,284 units as against 74,754 units sold in the same period last year, with March sales hitting 36,880 units, making it the second highest monthly performance post pandemic, official industry data showed. A...
Domestic carsales in the first ten months this year jumped 30.9 percent to 280,300 units from 214,186 units in the same period last year, with Toyota Motor Philippines accounting for half of total industry sales. A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc....
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...
Motor vehicle sales in the country fell 26.3 percent in August to 15,847 percent compared to 21,498 units from the previous month due to reimposition of hard lockdown in Metro Manila and strict quarantines in other parts of the country, a joint report by the Chamber of Automotive Manufacturers of...
Motor vehicle sales in November suffered a 7.4 percent decline due to the consecutive typhoons that badly hit growth driver regions -- Bicol, Central Luzon and the National Capital Region. A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck...
The domestic automotive industry has urged the Department of Trade and Industry to reconsider its safeguard investigation on imported cars as sales took a dive in August. A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association...
