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Hyundai vehicle sales as of Feb. grows by 9%

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Sales of Hyundai vehicles grew by 9 percent in the first two months of the year to 3,953 units from the 3,624 units sold a year ago, driven largely by the strong performance of the passenger car segment.

Posted: March 14th, 2014 in Headlines | Read More »

Vehicle sales rose by 21.4% in first 2 months

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Auto Sales

Motor vehicle sales grew by 21.4 percent to 32,470 units in the first two months of the year, buoyed by the continued strong performances in both the passenger and commercial vehicle segments.

Posted: March 12th, 2014 in Headlines | Read More »

Ford vehicle sales soared by 48% in February

Ford Group Philippines posted a 48-percent jump in its vehicle sales in February to 1,277 units, driven largely by the solid performance specifically of its pickup trucks.

Posted: March 11th, 2014 in Headlines | Read More »

In Asean vehicle sales, PH ranks 4th

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Motor vehicle sales in seven Asean countries fell by 16 percent to 255,263 units in January this year, according to data from the Asean Automotive Federation.

Posted: March 5th, 2014 in Headlines | Read More »

Toyota recalls 1.9 million Prius cars for software glitch

In this Nov. 4, 2007, file photo, unsold 2008 Prius hybrid sedans sit on a lot at a Toyota dealership in the southeast Denver suburb of Centennial, Colo. U.S. safety regulators are investigating complaints that power-assisted brakes can fail at times in Camry gas-electric hybrids. AP FILE PHOTO/David Zalubowski

Toyota is recalling 1.9 million hybrid Prius cars globally for a software glitch that could cause the vehicle to stall.

Posted: February 12th, 2014 in Latest Business Stories | Read More »

Toyota starts out strong with 50% surge in sales

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Toyota Motor Philippines (TMP) posted a 50-percent surge in vehicle sales to 7,062 units in January this year from the 4,716 units sold in the same month a year ago, due to the strong performance of two models.

Posted: February 9th, 2014 in Headlines | Read More »

Ford posted record sales in 2013

Ford Group Philippines posted record high sales of 13,285 units in 2013, largely fueled by the robust sales performance of its Ranger model.

Posted: January 10th, 2014 in Headlines | Read More »

Japan’s Nissan puts up new sales unit in PH

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Nissan Motor Co. Ltd. (NML), Japan’s second largest automotive company, has established a new Philippine unit that will serve as its national sales company starting early 2014.

Posted: December 17th, 2013 in Headlines | Read More »

Imported vehicle sales up by 6% in 11 months

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Imported vehicle sales grew slightly in January to November despite the softening of market demand in the third quarter, the Association of Vehicle Importers and Distributors (Avid) said.

Posted: December 16th, 2013 in Headlines | Read More »

Incentives for auto, parts sectors sought

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The Philippines risks losing as much as P250 billion worth of output from the automotive and automotive parts manufacturing sectors, if it does not provide the much needed fiscal support to boost and sustain the viability of these local industries.

Posted: October 28th, 2013 in Headlines | Read More »

German auto parts firm expanding PH business

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Continental Temic Electronics Phils. Inc., the local unit of German firm Continental Corp., is spending an additional 50 million euros (about P2.9 billion) to install in its Philippine facilities new technologies that would help the company serve the requirements of the global automotive sector.

Posted: October 3rd, 2013 in Headlines | Read More »

Imported vehicle sales up 30% in August

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The Association of Vehicle Importers and Distributors (Avid) reported a 30-percent improvement in the year-on-year sales of its members in August despite the softening of the market since January 2013.

Posted: September 19th, 2013 in Headlines | Read More »

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