Page 2 - மோட்டார்கள் பிலிப்பைன்ஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Auto sales grow 8 9% in Q1 despite steep decline in March – Manila Bulletin
mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Car sales in Philippines continue to slump
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
BusinessWorld
February 12, 2021 | 12:31 am
Car sales slipped by 1.4% in January, industry data showed. PHILIPPINE STAR/MICHAEL VARCAS
THE AUTO INDUSTRY is showing hints of recovery, as car sales in January dipped by 1.4% year on year, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) reported on Thursday.
The joint report said that sales fell to 23,380 units in January, from 23,723 in the same month in 2020, as passenger car sales growth failed to offset the continued drop in commercial vehicle sales.
In a statement, CAMPI said the slight year-on-year decline in January sales was a “positive sign” that the industry was slowly recovering.
Toyota Philippines expects industry sales to rebound this year BusinessWorld 1/29/2021 © Provided by BusinessWorld Newly assembled Toyota Vios sedans are seen at a stockyard of the Toyota Philippines manufacturing plant in Sta Rosa, Laguna, Aug. 11, 2014. REUTERS/ERIK DE CASTRO
The car industry is expecting a rebound in sales this year, targeting to sell 320,000 units on the back of improved demand, Toyota Philippines officials said.
Toyota Motors Philippines (TMP) President Atsuhiro Okamoto said that the industry expects to sell more cars this year, although the projection may be impeded by newly imposed safeguard duties on vehicles.
This target is 32% higher than their estimation of 242,000 units sold last year. Toyota itself targets 130,000 units this year after selling 100,019 last year, which accounted for a 44.69% market share.
Coronavirus slams PHL vehicle sales in 2020
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.