The TRAIN Law

TRAIN, inflation barrel down on car importers’ sales

A group of vehicle importers saw sales drop 17 percent in 2018, blaming it on a slew of factors including tax hikes and high inflation. The Association of Vehicle Importers and Distributors, Inc. (Avid) sold 88,700 units…

November vehicle sales plunge

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…

Auto slump worst since ’98

The local vehicle industry is heading to its worst sales decline since the financial crisis of 1998 as manufacturers expect deliveries to fall by as much as 15 percent this year. The industry was not expecting such…

Vehicle sales continue to decline

Vehicle sales fell 24.1 percent in July, marking the biggest year-on-year decline under the weight of the the TRAIN law, official data from vehicle manufacturers showed. Sales dropped to 28,038 units that month, significantly lower than the…

Sales of cars, trucks slumped 23% in March

Car and truck manufacturers saw their biggest decline in sales so far in 2018, diving deep on the third month since the TRAIN law took effect. A joint report released yesterday by the Chamber of Automotive Manufacturers…

Christmas Motoring Wishlist for 2018

With 2017 coming to a close, we’ve experienced a whole lot of carmageddon-levels of traffic. The revised excise tax rates which form part of the TRAIN Law has also been signed into law which will affect the…