THE Board of Investments (BOI) is pushing for the integration of “CARS-like” incentives into the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law to make the auto sector more attractive to investors. The inclusion of similar perks under the Comprehensive Automotive Resurgence Strategy (CARS) program of the government in…
The Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) said tempered inflation and the introduction of new models could help local vehicle sales reach the 500,000-unit mark this year. On Tuesday, Campi President Rommel Gutierrez told reporters on the sidelines of an event held in Taguig City on Tuesday…
The Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) said it is banking on a positive economic outlook, new model introductions and the “electrification” trend to propel sales in 2024. Campi made this pronouncement after local carmakers reported that they breached their sales target for 2023. A joint report…
Vehicles sold in January to November have already surpassed prepandemic levels, according to a report by the Chamber of Automotive Manufacturers Association of the Philippines Inc. (Campi) and the Truck Manufacturers Association (TMA). The Campi-TMA joint report indicated that vehicle sales during the period reached 390,654 units, up 23.9 percent…
NEW motor vehicle sales increased by 9.5 percent to 38,628 units last month from 36,714 a year earlier, the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and the Truck Manufacturers Association (TMA) said on Sunday.