An automotive industry executive on Wednesday projected a possible 10-percent decline in vehicle sales this year due to the impact of the Middle East crisis, while pointing to stronger growth prospects for electric vehicles (EVs).<\/p>\n
In 2025, domestic car sales rose 3.7 percent to 491,395 units, driven by aggressive promotions and increasing demand for EVs. The Chamber of Automotive Manufacturers of the Philippines (CAMPI) had earlier set a target of 500,000 units for this year.<\/p>\n
However, CAMPI president Jose Maria Atienza, during a briefing on Wednesday, said the goal may be difficult to achieve amid rising fuel prices.<\/p>\n
He said industry players remain focused on sustaining growth, but are no longer fixated on hitting a specific sales target. Instead, companies are prioritizing how best to support customers and motorists.<\/p>\n
Atienza said sales declined by around 8 to 10 percent in the first four months of the year and expects this trend to persist through the rest of 2026.<\/p>\n
\u201cIt should go down from last year but please also wait for the final forecast,\u201d he said.<\/p>\n
Automotive sector officials are hopeful that the 10th Philippine International Motor Show, scheduled from June 4 to 7, 2026 at the World Trade Center in Pasay City, will help boost sales.<\/p>\n
Atienza added that while overall industry growth may slow, the outlook for EVs remains positive.<\/p>\n
He said there is no specific growth forecast for EVs, but their share of total sales is expected to rise from about 10 percent last year.<\/p>\n
“We’ve all seen how this trajectory of [EVs] was increased from zero, almost zero, maybe five years ago, to now 20 percent for the month of March and probably for April, is around 25 percent,” Atienza said. (PNA)<\/p>\n","protected":false},"excerpt":{"rendered":"
Consumers may become more cautious in buying vehicles amid increasing fuel expenses.<\/p>\n","protected":false},"author":73,"featured_media":264323,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19565],"tags":[],"class_list":["post-264322","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business-today"],"zyndk8_nxtgen_metadata":{"nxtgen_comments":[{"8649":"sana bumaba cost \ud83d\ude4f\r","8650":"ok naman pero wait and see pa rin \ud83d\udc40\r","8651":"tuloy ang serbisyo \ud83d\udc99\r"}]},"yoast_head":"\n