The domestic automotive industry is projected to recover in the fourth quarter of 2021 and pick up momentum well into 2022, according to investments and banking executives. House of Investments (HI) Senior Vice-President and Car Business Operations head Johnny Fetalvero said several factors will...
Major motor vehicle producers and markets in ASEAN started 2021 with 13.8 percent reduction in production and 17.5 percent decline in sales in the first month of the year compared to January 2020 with the Philippines lagging behind its peers, data showed. The ASEAN Automotive Federation (AAF)...
Despite a steep 21.1 percent drop in sales in March, motor vehicle sales ended the first quarter this year with an encouraging 8.9 percent growth versus same quarter last year, the joint Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI)-Truck Manufacturers Association (TMA)...
Motor vehicle sales in September went up 37 percent to 24,523 units from the 17,906 units sold in the previous month making the industry upbeat for a recovery until the end of this year, according to a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and...