automotive industry

Seven ways the CARS program will affect buyers

For an automotive industry program that’s named after the very thing Pinoys are crazy about, it’s truly ironic that the average motorist doesn’t seem to “connect” with it. A big part of that disconnect may have stemmed…

Contrasting growth reports by Mitsubishi, Hyundai

Two of the biggest automotive brands in the country have just reported their recent sales performance with Mitsubishi Motors Philippines Corp. (MMPC) announcing it ended the first half of 2015 on a high note. Recording its…

CARS program poses challenge to auto firms

THERE are two ways to look at the newly minted Philippine automotive industry plan. One is that it will now enable the participating carmakers to expand their local manufacturing capabilities and improve their vehicle models’ cost competitiveness.…

Philippine vehicle sales up by 20%

The Philippine automotive sector continued its strong double-digit growth in the first five months of the year as vehicle sales rose by 20.1 percent to 107,280 units. In May alone, vehicle sales rose by 18 percent to…

Toyota keeps exports target

MANILA, Philippines–The Toyota Group, which contributes about a third of the Philippines’ automotive-related exports, aims to maintain its revenue from overseas shipments despite local and regional challenges. Although the international market has been reported to be weakening,…

Pains of motorization

WITH THE automotive industry booming in recent years and with 2015’s rumored industry sales projection to breach the 300,000 unit, the situation presents itself with a few problems. Admittedly, these are good problems to have. Nonetheless, these…

No ‘ghost month’ in a fast-paced industry

There have been some exhilarating starts and nervous stops. The Philippine automotive industry has been characterized as a one-step-back, two-steps-forward sector the first seven months of 2014, where record-setting double-digit growth has been tempered somewhat by sobering…