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...