Latest news with #CAMPI
Yahoo
20-06-2025
- Automotive
- Yahoo
Philippine vehicle sales fall 1% in May
New vehicle sales in the Philippines declined by just over 1% to 39,775 units in May 2025 from 40,271 units a year earlier, according to member wholesale data released jointly by the Chamber of Automotive Manufacturers of the Philippines Inc (CAMPI) and the Truck Manufacturers Association (TMA). This was the second year-on-year decline so far this year, following the market's strong three-year rebound from the pandemic lows. The Philippine economy expanded by 5.4% year-on-year in the first quarter of 2025, slightly better than the revised 5.3% growth in the fourth quarter of 2024, underpinned by stronger domestic consumption, export growth and lower interest rates. The central bank cut its benchmark interest rate by a further 25 basis points in its June meeting to 5.25%, down from a peak of 6.5% last year, to support domestic growth. Rizal Commercial Banking Corporation's chief economist, Michael Ricafort, said in a statement: 'Vehicle sales have been weighed down recently by reduced consumer and business sentiment as the trade war is expected to reduce global trade, investments, employment, and the world economy.' In the first five months of 2025, the vehicle market was still up by almost 2% to 190,429 units compared with 187,191 units in the same period last year, driven by a 10% rise in commercial vehicle sales to 151,704 units, while sales of passenger cars fell by over 21% to 38,725 units. Separate industry data showed that sales of electrified vehicles amounted to 10,433 units year-to-date, including 8,536 hybrid electric vehicles (HEVs), 1,779 battery electric vehicles (BEVs) and 118 plug-in hybrids. Not all brands are covered in this data, however, including some key Chinese brands. Last year, the government expanded its EO12 zero-tariff incentive programme, which runs until 2028, from just zero emission vehicles to also include hybrid vehicles. Toyota reported a 6% sales increase to 91,652 units in the five-month period, helped by the recent launch of the new entry-level Hilux Tamaraw; followed by Mitsubishi Motors with 36,613 units (+4%); Nissan 9,879 units (-14%); Suzuki 8,913 units (+12%); and Ford 8,559 units (-30%). CAMPI remains optimistic that the vehicle market will continue to expand this year, to 500,000 units from 467,252 units in 2024. The association's president, Rommel Gutierrez, told reporters: 'We are encouraged by the industry's sustained growth, especially commercial vehicles. With strong momentum heading into the second half of the year, CAMPI remains confident in the automotive industry's positive performance.' "Philippine vehicle sales fall 1% in May" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
GMA Network
18-06-2025
- Automotive
- GMA Network
Almost 40,000 vehicles added to PH roads in May, manufacturers say
There were 39,775 units sold in May, up from the 33,580 units sold in April, but 1.2% lower than the 40,271 units sold in May 2024. Nearly 40,000 vehicles were added to Philippine streets in May to mark an 18.4% increase from the sales in the previous month, data released by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) on Wednesday showed. There were 39,775 units sold in May, up from the 33,580 units sold in April, but 1.2% lower than the 40,271 units sold in May 2024. 'We are encouraged by the industry's sustained growth, especially with commercial vehicles driving overall performance. This reaffirms the significant role of the automotive sector in supporting the country's economic activities,' CAMPI president Atty. Rommel Gutierrez said in a separate statement. Commercial vehicles accounted for 80.15% of the sales, or 31,880 units, while the remaining 19.85% or 7,895 units, were passenger cars. A total of 3,613 units sold during the month were electric vehicles — 2,792 hybrid electric vehicles, 801 battery electric vehicles, and 20 plug-in hybrid electric vehicles. Sales of Asian utility vehicles (AUVs) stood at 7,161 units; light commercial vehicles with 23,671 units; light-duty trucks and buses with 633 units; medium-duty trucks and buses with 288 units; and heavy-duty trucks and buses with 127 units. Year-to-date sales stood at 190,429 units, reflecting a 1.7% increase from the 187,191 units sold in the comparable period of 2024. 'With strong momentum heading into the second half of the year, CAMPI remains confident in the automotive industry's positive performance. Continued collaboration between government and industry stakeholders will be key to sustaining this growth,' CAMPI said. Toyota Motor Philippines Corp. captured 48.13% of the market for the month, followed by Mitsubishi Motors Philippines Corp. with 19.23%, Nissan Philippines Inc. with 5.18%, Suzuki Philippines Inc. with 4.68%, and Ford Group Philippines with 4.49%. Philippine automotive manufacturers earlier said they were looking to sell 500,000 units in 2025, on the back of the newly rolled out models and the introduction of more models later in the year. –NB, GMA Integrated News
The Sun
05-06-2025
- Automotive
- The Sun
VinFast Philippines secures official CAMPI membership
MANILA, PHILIPPINES - Media OutReach Newswire - 5 June 2025 - VinFast Philippines has officially joined the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), marking a key step in its efforts to strengthen its presence in the local automotive industry. Founded in 1995, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) has been instrumental in championing the interests of the automotive sector, contributing significantly to the nation's economic growth. As of May 2025, the association accounts for more than 92 percent of Philippine auto sales. Committed to developing a viable and self-sustaining local industry, CAMPI works closely with the government and key stakeholders to shape policies, regulations, and standards that drive economic growth. Through its efforts, CAMPI promotes investment, job creation, skills development, technology transfer, environmental protection, and road safety across the sector. As a member of CAMPI, VinFast will work alongside other leading automotive players to help shape policies, programs, and industry standards that support innovation and sustainable growth. Ms. Doan Thi Mai Anh, CEO of VinFast Philippines, shared: 'We are proud to announce that VinFast is now an official member of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), the country's leading automotive industry association. This milestone marks a significant step forward in our commitment to shaping the future of mobility in the Philippines through clean, smart, and sustainable transportation. As a CAMPI member, VinFast will actively collaborate with industry leaders, policymakers, and stakeholders to support innovation, infrastructure, and responsible vehicle manufacturing and distribution across the nation. Joining CAMPI strengthens our mission to accelerate the transition to electric vehicles and contribute to the long-term growth and sustainability of the Philippine automotive sector.' Mr. Atty. Rommel Gutierrez, CAMPI President, shared: 'We are honored to extend a warm welcome to VinFast – Vietnam's pioneering electric vehicle manufacturer – as one of the newest members of CAMPI. VinFast's entry, as a pure electric mobility brand, marks a significant milestone that is poised to inject renewed momentum into the Philippine automotive industry. By introducing innovative, environmentally sustainable, and accessible transportation solutions, VinFast is expected to play a vital role in advancing the country's journey toward a greener and more sustainable future.' After a year since its market entry in the Philippines, VinFast has steadily expanded its presence with its portfolio of smart EV models, attractive sales offerings, and a continuously refined after-sales support system. With strong backing from Vingroup, Vietnam's leading conglomerate, and the strategic determination of Chairman Pham Nhat Vuong, VinFast is actively pursuing the development of a comprehensive 'For a Green Future' ecosystem across Southeast Asia, placing strong emphasis on the collaborative growth of charging infrastructure and service networks. This framework, established successfully in Vietnam, is now being extended to promising markets such as the Philippines. With a diverse portfolio that includes the VF 3, VF 5, VF 6, VF 7, and VF 9, VinFast offers a broad range of sustainable mobility solutions. The VinFast VF 6, in particular, is poised to be a key driver for EV adoption in the Philippines, building on its strong performance in Vietnam and favorable reception in European markets. It presents an enticing and affordable option for Filipino consumers eager to embrace eco-friendly transportation.
Zawya
05-06-2025
- Automotive
- Zawya
VinFast Philippines secures official CAMPI membership
MANILA, PHILIPPINES - Media OutReach Newswire - 5 June 2025 - VinFast Philippines has officially joined the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), marking a key step in its efforts to strengthen its presence in the local automotive industry. Founded in 1995, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) has been instrumental in championing the interests of the automotive sector, contributing significantly to the nation's economic growth. As of May 2025, the association accounts for more than 92 percent of Philippine auto sales. Committed to developing a viable and self-sustaining local industry, CAMPI works closely with the government and key stakeholders to shape policies, regulations, and standards that drive economic growth. Through its efforts, CAMPI promotes investment, job creation, skills development, technology transfer, environmental protection, and road safety across the sector. As a member of CAMPI, VinFast will work alongside other leading automotive players to help shape policies, programs, and industry standards that support innovation and sustainable growth. Ms. Doan Thi Mai Anh, CEO of VinFast Philippines, shared:" We are proud to announce that VinFast is now an official member of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), the country's leading automotive industry association. This milestone marks a significant step forward in our commitment to shaping the future of mobility in the Philippines through clean, smart, and sustainable transportation. As a CAMPI member, VinFast will actively collaborate with industry leaders, policymakers, and stakeholders to support innovation, infrastructure, and responsible vehicle manufacturing and distribution across the nation. Joining CAMPI strengthens our mission to accelerate the transition to electric vehicles and contribute to the long-term growth and sustainability of the Philippine automotive sector." Mr. Atty. Rommel Gutierrez, CAMPI President, shared:"We are honored to extend a warm welcome to VinFast – Vietnam's pioneering electric vehicle manufacturer – as one of the newest members of CAMPI. VinFast's entry, as a pure electric mobility brand, marks a significant milestone that is poised to inject renewed momentum into the Philippine automotive industry. By introducing innovative, environmentally sustainable, and accessible transportation solutions, VinFast is expected to play a vital role in advancing the country's journey toward a greener and more sustainable future." After a year since its market entry in the Philippines, VinFast has steadily expanded its presence with its portfolio of smart EV models, attractive sales offerings, and a continuously refined after-sales support system. With strong backing from Vingroup, Vietnam's leading conglomerate, and the strategic determination of Chairman Pham Nhat Vuong, VinFast is actively pursuing the development of a comprehensive "For a Green Future" ecosystem across Southeast Asia, placing strong emphasis on the collaborative growth of charging infrastructure and service networks. This framework, established successfully in Vietnam, is now being extended to promising markets such as the Philippines. With a diverse portfolio that includes the VF 3, VF 5, VF 6, VF 7, and VF 9, VinFast offers a broad range of sustainable mobility solutions. The VinFast VF 6, in particular, is poised to be a key driver for EV adoption in the Philippines, building on its strong performance in Vietnam and favorable reception in European markets. It presents an enticing and affordable option for Filipino consumers eager to embrace eco-friendly transportation. Hashtag: #vinfast The issuer is solely responsible for the content of this announcement. About VinFast VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, is a pure-play electric vehicle ("EV") manufacturer with the mission of making EVs accessible to everyone. VinFast's product lineup today includes a wide range of electric SUVs, e-scooters, e-bikes, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at VinFast
Malay Mail
05-06-2025
- Automotive
- Malay Mail
VinFast Philippines secures official CAMPI membership
Ms. Mai Anh, CEO of VinFast Philippines (center left), and Mr. Rommel Gutierrez, President of CAMPI (center right), at the event celebrating CAMPI's 30th anniversary. MANILA, PHILIPPINES - Media OutReach Newswire - 5 June 2025Founded in 1995, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) has been instrumental in championing the interests of the automotive sector, contributing significantly to the nation's economic growth. As of May 2025, the association accounts for more than 92 percent of Philippine auto to developing a viable and self-sustaining local industry, CAMPI works closely with the government and key stakeholders to shape policies, regulations, and standards that drive economic growth. Through its efforts, CAMPI promotes investment, job creation, skills development, technology transfer, environmental protection, and road safety across the a member of CAMPI, VinFast will work alongside other leading automotive players to help shape policies, programs, and industry standards that support innovation and sustainable a year since its market entry in the Philippines, VinFast has steadily expanded its presence with its portfolio of smart EV models, attractive sales offerings, and a continuously refined after-sales support strong backing from Vingroup, Vietnam's leading conglomerate, and the strategic determination of Chairman Pham Nhat Vuong, VinFast is actively pursuing the development of a comprehensive "For a Green Future" ecosystem across Southeast Asia, placing strong emphasis on the collaborative growth of charging infrastructure and service networks. This framework, established successfully in Vietnam, is now being extended to promising markets such as the a diverse portfolio that includes the VF 3, VF 5, VF 6, VF 7, and VF 9, VinFast offers a broad range of sustainable mobility solutions. The VinFast VF 6, in particular, is poised to be a key driver for EV adoption in the Philippines, building on its strong performance in Vietnam and favorable reception in European markets. It presents an enticing and affordable option for Filipino consumers eager to embrace eco-friendly #vinfast The issuer is solely responsible for the content of this announcement. About VinFast VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, is a pure-play electric vehicle ("EV") manufacturer with the mission of making EVs accessible to everyone. VinFast's product lineup today includes a wide range of electric SUVs, e-scooters, e-bikes, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at
