Vehicle sales in the Philippines weakened in the first quarter of 2026, even as electrified mobility continued to gain momentum, according to industry data from the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA).
The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) has been recognized as an Environmental Sustainability Partner during the 2026 Gawad Kabalikat sa Kapaligiran organized by the Department of Environment and Natural Resources-Environmental Management Bureau (DENR-EMB), highlighting the auto industry’s expanding role in the country’s environmental agenda.
After a largely flat 2025, the Philippine automotive industry is gearing up for a long-awaited breakthrough, with vehicle sales projected to finally surpass the 500,000-unit mark this year, according to the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI).
Vehicle sales of member companies of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) slipped slightly in 2025, revealing a market split between weak passenger car demand and resilient growth in commercial vehicles and electrified models.
The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) has urged the government to immediately release long-delayed incentives under the Comprehensive Automotive Resurgence Strategy (CARS) Program and to fast-track the rollout of its successor, the Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program.
US consumer prices rose more than expected in October, strengthening expectations that the Federal Reserve will raise interest rates next month, lifting yields and pressuring equities.
The Philippines remains hopeful of signing the master agreement for the proposed Pax Silica advanced manufacturing hub before yearend, with negotiations progressing and no major substantive issues threatening a deal, Trade Undersecretary Ceferino Rodolfo said.
Foreign direct investment (FDI) into the Philippines recorded a net inflow of $4.8 billion during the first eight months of 2026, dropping from the $5.9 billion registered in the same period last year, the Bangko Sentral ng Pilipinas (BSP) on Tuesday reported.
Yuchengco-led EcoSolar Energy Corp. (ESEC) announced that its 22.5 megawatt / 45 megawatt-hour Panitan Energy Storage Project in Capiz began testing and commissioning as a generation facility last week.