Q1 auto sales up by 29%
By Paolo G. MontecilloVehicle sales rose by nearly 30 percent in the first quarter of 2013 as market optimism and low interest rates fuel demand for new cars and trucks, data released by the industry association showed.
Vehicle sales rose by nearly 30 percent in the first quarter of 2013 as market optimism and low interest rates fuel demand for new cars and trucks, data released by the industry association showed.
What a coincidence! Last Thursday morning, when the Automobile Association Philippines held its third Usapan AAP media forum where the topic was the outlook for the automotive industry in 2013, a newspaper (not the Inquirer) leaked the contents of the government’s new roadmap for the industry.
It’s not quite boom times for the US auto industry. But it’s getting there. Sales of new cars and trucks came in at 14.5 million for 2012, up from 12.8 million in 2011. Cheap loans, a host of new cars and greater confidence in the economy are drawing buyers into showrooms.
Chrysler’s sales accelerated to its best July performance in five years while rival Ford stumbled and Volkswagen roared ahead, automakers said Wednesday.
US auto sales revved up in March amid an improving economy and as high gasoline prices boosted buying of fuel-efficient vehicles, US and foreign automakers said Tuesday.
The past year was not very kind to the auto industry, with two major disasters—a devastating earthquake and massive flooding—dealing the sector one blow after the other in just a matter of months. Still reeling from the effects of the March 2011 earthquake that caused a tsunami and a nuclear crisis in Japan, the auto [...]
Vehicle sales last year fell by 4 percent to 141,616 units from 147,488 units in 2010, due largely due to disruptions in the supply of vehicle units and automotive parts.
