Vehicle sales fell 21.7 percent for the fifth month in a row in June. This was blamed mainly on the consumers’ reaction to a rising inflation and the tax reform program that made most vehicles more expensive.…
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 &…
Car and truck manufacturers made their highest monthly sales in December last year, as consumers moved to buy new units before the imposition of higher excise taxes. According to joint data from Chamber of Automotive Manufacturers of…
Conglomerate San Miguel Corp. is preparing for its next wave of diversification which seeks to add next-generation technology businesses such as the production of micro-chips, smart phones and electric cars to its portfolio. SMC president Ramon S.…
Hyundai Asia Resources Inc. (Hari), the official distributor of Hyundai vehicles in the Philippines, capped the first semester with a 6-percent increase in sales from year-ago level, driven mainly by the passenger car segment. Data from the…
Vehicle sales went up 17 percent in May, recovering from a rather slow turnout in the month before, data from automotive and truck manufacturers showed. According to a joint report of the Chamber of Automotive Manufacturers of…
Hyundai Asia Resources Inc. sold few cars in May this year, sliding 6 percent from the same period in 2016, months after it reported its highest monthly output last March, company sales report showed. Hari sales went…
MANILA — The Department of Finance expects robust vehicle sales to continue even as the higher excise taxes to be slapped on vehicles loom. “In other Asean economies such as Indonesia and Malaysia, automobile excise tax rates…
The industrial holding firm of conglomerate Ayala Corp. has hatched a deal to take over MT Misslbeck Technologies GmbH (MT), a German supplier of models, tools and plastic parts to the automotive manufacturing industry. AC Industrial Technology…
Dealers of luxury vehicles in the Philippines are currently struggling with a problem. It’s not exactly a crisis—at least, not yet—but it is testing the mettle and abilities of their local managers just the same. That’s because…