Imported Auto Sales Rise in First Two Months of 2012
Growth in imported motor vehicle sales jumped 41% in the first two months of the year over the same period last year buoyed by the strong performance in the passenger car segment in February. The Association of Vehicle Importers and Distributors (AVI... more
Imported Vehicle Sales Widen Gap vs Philippine-Assembled Units
THE GAP between locally assembled and imported vehicles have widened last year with the latter taking almost three-fifths of the domestic market due to the late but severe supply chain disruption in Thailand. Completely built units (CBU) shipped from... more
Hyundai Recovering Midst Fall in Local Vehicles Sales
Hyundai Asia Resources Inc. (HARI), is showing remarkable recovery despite the 3.1% fall in total sales of vehicles, imported and locally assembled in 2011. The industry chalked up sales of 165,056 units in 2011, tipping record sales posted in 1996 f... more
CAMPI: Formal Auto Sales in Philippines Down by 3.1% in 2011
The overall formal automotive sector in 2011 sold a total of 165,056 units, 3.1 percent lower than the 170,348 units in 2010 pulled by the earthquake in Japan and the flooding in Thailand that disrupted global auto supply chain. A market penetration... more
Mitusbishi Motors Philippines Maintains Steady Growth Despite Challenges
FOR the fifth straight year since 2006, Mitsubishi Motors Philippines Corp. has continued to experience steady positive growth. Despite last year’s challenges – the earthquake and tsunami that had hit Japan in the early part of 2011 and the massi... more
Toyota Philippines Scores Another Triple Crown
The Toyota Motor Philippines Corp. (TMPC) has done it again. For the 10th straight year, TMPC achieved another triple crown, cementing the company’s position as the number 1 car brand in the country in terms of sales. The triple crown is awarded to... more
Mitsubishi Philippines Eyes 12% Growth, to Launch Mirage this 2012
Mitsubishi Motor Philippines Corp. (MMPC) is optimistic that it will further improve its sales volume and market share as it is projecting a growth of 12 percent compared to its 2011 sales performance or 36,500 units. The increase will eventually com... more
Imported Vehicle Sales in the Philippines Up 4% in 2011
Sales of imported vehicles rose to 24,880 units last year, 4 percent higher than the 23,986 units sold in 2010, figures released by the Association of Vehicle Importers and Distributors (Avid) showed. Avid President Maria Fe Perez-Agudo said the Dece... more
Campi Report: Local Auto Industry Struggled in 2011
The past year was not very kind to the auto industry, with two major disasters—a devastating earthquake and massive flooding—dealing the sector one blow after the other in just a matter of months. Still reeling from the effects of the March 2011... more
Philippine Auto Importers Expect Better Sales in 2012
Local vehicle importers expect sales to grow further next year on the back of strong consumer sentiment that will be sustained by faster economic growth. The outlook, issued by the Association of Vehicle Importers and Distributors, Inc. (AVID), came... more
Increase Number of Foreign-Built Vehicles Sold Due to Christmas Spending
Sales of foreign-built vehicles have fared better than their locally assembled counterparts as the , Inc. (AVID) reported on Monday the slight growth in the last 11 months thanks to a pickup in holiday spending. Aggregate sales last month grew 4% to... more
Association of Vehicle Importers and Distributors Pushes Comprehensive Auto Competition Policy
The Association of Vehicle Importers and Distributors (AVID) has galvanized the automotive industry for a coherent and competition policy at the 2nd Thought Leadership Forum (TLF), “Advancing Competition Policy for Business Sustainability”... more
By crawling and indexing news sources and blogs all over the internet, we bring you the freshest news on Cars Central Philippines. You can use the above RSS link to keep upto date with your favorites.