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The year 2019 was pretty much a challenging year for the auto industry as a whole. With a low single digit growth rate, it was practically flat the whole year. Not that the industry should complain,…
Department of Trade and Industry (DTI) Secretary Ramon Lopez recently enumerated the factors that favor the recovery of the Philippine automotive industry despite its dismal performance in 2018.…
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Vehicle sales dropped 23.4 percent in November, the biggest decline in the past few months. Official data showed that vehicle sales plunged to 31,258 units from 40,799 units sold in the same month last year. The latest…
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The volume of vehicles sold in the Philippines is primed for a 12-percent growth this year to reach about 577,000 units amid a government drive to upgrade jeepneys and increase in domestic production, according to Frost &…
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BEIJING — Electric car producer Tesla will build its first factory outside the United States in Shanghai under an agreement signed Tuesday, becoming the first wholly foreign-owned automaker in China. Tesla Inc.’s announcement comes amid mounting US-China…
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Car sales grew only by 8.7 percent in August, the slowest in four months, data from automotive and truck manufacturers showed. According to a joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi)…
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Coming on the heels of a remarkable double-digit growth in February, Hyundai Asia Resources, Inc. (HARI), the official distributor of Hyundai vehicles in the Philippines, caps the first quarter of 2017 on sustained momentum with its recent…
Forecasting trends in the auto industry is a tricky business. A great number of people have tried but their efforts got confounded in a lot of cases due to the rise of new technologies and changing consumer…
IT SEEMS the auto industry is on its way to beating its 350,000 unit sales forecast this year. With 167,481 units already sold, over 36,000 more than what was posted during the same period last year, auto…
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TOKYO—Mitsubishi Motors Corp. of Japan is betting big on its operations in the Philippines as it targets to make the country one of its export hubs in the region. MMC chair and CEO Osamu Masuko told reporters…
