CAMPI: Philippine Vehicle Sales Seen to Recover in 2012

Vehicle sales are seen rising by double digits this year as supply comes back by the second quarter of the year, according to Tatsuya Natsume, president and general manager of Honda Cars Philippines Inc. (HCPI) at the sidelines of the launch Tuesday night of the new…

Honda Philippines Set to Reclaim Top Position in Local Auto Market

Car assembler Honda Cars Philippines Inc. wants to get back its top position in the country’s automotive market.

HCPI President Tatsuya Natsume said he has set plans to “reclaim our rightful position in the Philippine automotive industry.” The Philippine unit and its parent company, Honda Motors Japan, have been plagued with adversities and challenges, including several model recalls, earthquake…

Local Vehicles and Parts Manufacturers Asks for Plan for Increase in ASEAN Market Share

The local vehicle and parts manufacturing sector has sought government help in crafting a strategic expansion plan that will allow it to achieve economies of scale and capture a significant share in the Association of Southeast Asian Nations (Asean) single market starting 2015.

“Auto and parts manufacturing in the Philippines is both viable and sustainable. An ambitious but realistic…

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 as sales of foreign-built vehicles have fared better than their…

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 23,012 units from 22,187 for the same…

Hyundai Increases Auto Market Share to 20% and Third Largest in the Philippines

For a car company that pays 30 per cent tariff on passenger vehicles but gets from the mother company subsidy in South Korea, Hyundai Asia Resources surprises competitors by slowly increasing its share of the market from 12 per cent when it started in 2001 to 20 per cent last year.

Maria Fe Perez-Agudo, who was in real…

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” at the Mandarin Oriental Manila.

“We believe in creating an environment of innovation as a platform for…

Local Auto Sales Fall by 1.9% in First 11 Months of 2011

The first 11 months of the year coming to an end was not kind for the Philippine auto industry.

A joint report of the Chamber of Automotive Manufacturers of the Philippines (Campi) and the Truck Manufacturers Association (TMA) revealed that car sales fell by 1.9 percent to…

Philippine Auto Sales Decline for First 11 Months of 2011

Total motor vehicle sales in the 11-month period this year declined 1.9 percent to 131,242 units in the same period last year largely pulled down by the significant decline in November sales as the flooding in the Thailand took its toll on the local supply, the…

Philippines Auto Market Can Reach 300,000 by 2015 – UA&P Study

Bulk of the people from the auto industry expect the Philippines to be a 300,000-vehicle market by 2015, a review from the University of Asia as well as the Pacific (UA&P) on the auto trade showed.

The same view was shared by Trade and Trade Secretary Gregory L. Domingo but he said the 300,000-mark may be hit by 2016…