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…

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…

Honda Philippines Cautious, Sees Lower Car Sales

Honda Cars Philippines Inc. said Friday its dealers are on a “yellow flag” status until the vehicle supply situation normalizes.

“Currently, we are on an indefinite ‘yellow flag’ status—meaning we are on an alert mode—because of the fluidity of the situation. We will conduct a monthly review ,” Voltaire Gonzales, head of Honda Cars Philippines sales…

CAMPI Trims Down Sales Target for 2011 by Half

The Chamber of Automotive Manufacturers of the Philippines Inc (CAMPI) will slash its sales target for the year by half as the auto industry continues to grapple with the aftermath of the twin disasters in Japan last March.

An industry insider who spoke on condition of anonymity…

Ford Philippines Car Exports Up by 7% in First Quarter 2011

Ford Philippines yesterday reported that exports of locally assembled cars rose 7 percent in the first quarter of the year.

Exports of Ford Focus, Ford Escape and Mazda 3 during the period went up to 1,816 units from 1,704 units in the same period in 2010.

The growth rate for the period is slightly slower than the 35 percent growth…

BPI Expects More Car Loans Despite Fuel Crisis

Despite the continued rise in fuel prices, the Bank of the Philippine Islands (BPI) said auto loan applications and releases in the country made record-breaking sales last year.

The bank expects to end the year with double-digit growth in their auto loans, said David G. Sarmiento, BPI Family Savings Bank senior vice president for auto and motorcycle loans…

Philippine Car Sales in February Increases by 39%

Philippine car sales in February bucked seasonal trends as the industry sold 12,573 vehicles, 39 percent higher than what it sold in the same period last year, according to a joint report released Tuesday by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers…

Philippine Auto Sales Down 2.8% in First Half of 2009

Automobile sales for the first half of the year went down by 2.8 percent as vehicle sales around the world continue to decline.

Data from the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed that the industry sold 59,910 units from January to June this year, down…

Local Auto Sales Up 2.7% in February

Auto sales went up by 2.7 percent to 9,027 units in February from a month ago, a good indication that the industry may grow this year despite the dismal performance of the auto industry in other countries, the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) said.

“We are indeed thankful and continue to be cautiously…

General Motors, Ford, Toyota Sales Plunge as Slump Continues

Major automakers’ US sales continued their deep slump in February, putting the industry on track for its worst sales month in more than 27 years as huge rebates and low-interest financing failed to spur fearful consumers to make a major purchase.

General Motors’ sales tumbled 53 percent from a year earlier, while Ford’s US sales…