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Saturday, June 18, 2022

New Car Sales Surge 19.5 Percent In May But Insider Says Growth May Be Artificial

New car sales in the Philippines hit 26,370 units in May 2022—a 19.5 percent growth compared to the 22,062 units in the same month in 2021. This is according to the latest joint industry report released by the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and the Truck Manufacturers Association (TMA).

Toyota Commands 51 Percent Market Share In Philippines

The Philippine automotive industry continues its recovery by posting an impressive 40.9 percent year-on-year growth in April 2022.

Last March, New Car Sales Reach Highest Monthly Figure Since Pandemic

New car sales continue their upward trajectory by recording 29,685-unit sales—the highest monthly figure since the start of the pandemic.

New Car Sales Up 17 Percent In February 2022

New car sales are up 17 percent month-on-month based on the joint report of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA).

Almost Half Of All New Cars Sold In The Philippines In 2021 Was A Toyota

Philippine new car sales rose 20 percent in the whole of 2021 compared to 2020. The number, based on the joint report of the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and Truck Manufacturers Association (TMA), had its members sell a total of 268,488 units in the entirety of 2021. And while carmakers are patting themselves on the back for a job well done, these figures are still down 27 percent compared to pre-pandemic sales in 2019.

New Car Sales Increased In November 2021, Lifts Industry Above Full Year 2020 Figures

New car sales reached a record high for the year last November 2021. According to the joint report of the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and Truck Manufacturers Association (TMA), automobile sales went up 14.2 percent to 26,456 units. This is compared to 23,162 in November 2020.

New Car Sales Dropped In October 2021

Automotive sales dropped 9.8 percent in year-on-year in October based on data jointly released by the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and the Truck Manufacturers Association (TMA).

Toyota Has Cornered 48 Percent Of Philippine New Car Sales; Ford, Suzuki, Nissan In Tight Race For Third

The joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) shows September 2021 sales rising almost 36 percent month-on-month as the government began shifting to the Alert Level-based community quarantine measures.

New Car Sales Drop In August

The implementation of stricter community quarantine restrictions last August halted the Philippine auto industry’s recovery with the combined Chamber of Automotive Manufacturers of the Philippines (CAMPI) and Truck Manufacturers Association (TMA) report saying that new vehicle sales declined 11.5 percent year-on-year, and 26.3 percent month-on-month in August.

Toyota Breaches 50 Percent Market Share In The Philippines

The Chamber of Automotive Manufacturers of the Philippines or CAMPI saw sales decrease 4.7 percent in July versus June 2021. This is based on the joint report CAMPI has released together with the Truck Manufacturers Association or TMA. That said, year-to-date (YTD) sales are still 46.1 percent higher than the first seven months last year. These results echo the performance of vehicle importers.

PH Auto Industry Had a Tough First Two Months in 2021

The mood of the automotive industry remained sour as new car sales failed to recover despite a strong showing towards the end of 2020. The Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) recorded a 12 percent slump in car sales compared to a year ago, echoing the 31 percent decline posted by the Association of Vehicle Importers and Distributors (AVID) during the same period.

2020 Was a Bleak Year for Auto Makers

After the Association of Vehicle Importers and Distributors (AVID) released dismal year-end figures, the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and the Truck Manufacturers Association (TMA) have now done the same. And echoing AVID’s year-end reports, it paints a bleak picture for the Philippine auto industry as a whole.

Philippine International Motor Show 2018 is What the Car Industry Needs to Wake Up

As a whole, the Philippine automotive industry isn’t doing well. Citing factors such as the increase in new vehicle excise tax, rise in both inflation and fuel prices, and the devaluation of the peso, CAMPI says that they’re bracing for either a flat or negative growth for 2018.

EVAP, CAMPI Gear Up for 1st ASEAN Electric and Hybrid Vehicles Summit

The organizing committee of the very first ASEAN Electric and Hybrid Vehicles Summit composed of the Electric Vehicle Association of the Philippines, Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), Meralco, and the Board of Investments met with the ASEAN National Organizing Committee to thresh out the final details of the landmark event slated on June 29 to 30 at the World Trade Center in Pasay City.

90,000 Visitors Troop to 5th Philippine International Motor Show

Despite a setback from Tropical Storm Mario, the 5th Philippine International Motor Show (PIMS) held last Thursday to Sunday, September 18 to September 21, at the World Trade Center was its most successful yet, nearly doubling its foot traffic from the previous PIMS in 2012.

CAMPI Announces 5th Philippine International Motor Show Highlights

In celebration of the Philippine automotive industry’s exponential growth, the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI), the country’s largest auto industry organization, gathers motoring industry players for the 5th Philippine International Motor Show (PIMS) happening on September 18-21 at the World Trade Center in Pasay City.

5th Philippine International Motor Show Promises to be Fun for Whole Family

More than being a haven for car lovers and motoring enthusiasts, the 5th Philippine International Motor Show (PIMS) boasts of various activities to keep the family, especially the little ones, entertained with one-a-kind motoring experience.

12 Iconic Vehicles to Showcase Evolution of PHL Auto Industry at 5th PIMS

The 5th Philippine International Motor Show (PIMS) will treat this year’s visitors to an exclusive tour of the local motoring history with an exhibit of 12 iconic vehicles to highlight this year’s theme “Progress in Motion”.
Organized by the Chamber of Automotive Manufacturers of the Philippines (CAMPI), the country’s premiere automotive exhibition will showcase a rare collection of automobiles from the 1950’s to the 2010’s that shaped the automotive landscape of the country in the last 60 years.

5th Philippine International Motor Show is Slated September 18-21 at World Trade Center

The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) announces the much-awaited 5th Philippine International Motor Show (PIMS), a four-day event from September 18-21 at the World Trade Center, Pasay City.

UPDATED: Toyota Fortuner, Hilux to Get Engine Upgrade Soon?

Photo courtesy of Toyota Press

The biggest complaint when the revised Toyota Hilux and Fortuner came out was that the 2.5-liter 4-cylinder turbo models (2.5 G) was still rocking the old 102 horsepower engine. This certainly pales in comparison to its chief rivals from Mitsubishi.

Well, all that's about to change.

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