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Philippines vehicle market down 9% in November
Yahoo Finance· 2025-12-19 09:20
New vehicle sales in the Philippines fell by almost 9% to 37,352 units in November 2025 from 40,898 units a year earlier, according to members’ wholesale data released jointly by the Chamber of Automotive Manufacturers of the Philippines Inc (CAMPI) and the Truck Manufacturers Association (TMA). The market has begun to slow in recent months, after three years of strong growth from the 2021 pandemic lows. Economic growth in the country slowed to 4.4% year-on-year in the third quarter of 2025, down from 5. ...
VinFast strengthens its aftersales operations in Indonesia
Yahoo Finance· 2025-12-08 10:14
Core Insights - VinFast Auto has signed agreements with five local companies in Indonesia to enhance its aftermarket operations, aiming to create a comprehensive after-sales service ecosystem for battery electric vehicles (BEVs) in the region [1][7] Group 1: Partnerships and Collaborations - Goodyear Indonesia will supply tyres for VinFast vehicles and implement maintenance programs through its Autocare centres, expanding VinFast's aftersales coverage [2] - VinFast will collaborate with Dunlop to establish multi-functional service centres, certifying selected Dunlop Shops as Authorized VinFast Service Workshops, providing a range of services including EV maintenance and software updates [3] - Denso Sales Indonesia will have its workshops certified as Authorized VinFast Service Workshops, providing repair and maintenance services while receiving technician training and technology transfers from VinFast [4] - CARfix will offer a comprehensive suite of aftersales services, including maintenance and repairs, performed by trained technicians adhering to VinFast's quality standards [5] - Scuto Paint will serve as VinFast's official body and paint partner, managing body repair and painting services across major cities in Indonesia [6] Group 2: Strategic Vision - The partnerships with leading companies are part of VinFast's strategy to enhance after-sales service quality and establish a modern, sustainable service ecosystem, contributing to the company's vision of becoming a global EV brand and supporting Indonesia's green transition [7]
UK automotive trade association calls for more UK government support
Yahoo Finance· 2025-11-26 12:03
The UK automotive industry has urged the Chancellor (Rachel Reeves, Britain’s government minister responsible for fiscal policy) to get behind the government’s Modern Industrial Strategy, and create the conditions needed to restore the sector to a 1.3 million vehicle manufacturing hub by 2035. According to GlobalData, UK passenger car output this year is forecast at around 700,000 units and has declined from an annual 1.5 million units as recently as 2018. The Society of Motor Manufacturers and Traders ...
Chinese vehicle sales rise 9% in October
Yahoo Finance· 2025-11-14 10:09
Sales of Chinese-made vehicles, including exports, rose by almost 9% year-on-year to 3.322 million units in October 2025, up from 3.053 million units a year earlier, according to passenger car and commercial vehicle wholesale data compiled by the China Association of Automobile Manufacturers (CAAM). Domestic sales increased by almost 6% to 2.656 million units, while exports surged by 23% to 666,000 units. In the first ten months of 2025, total sales of China-made vehicles increased by over 12% to 27.687 m ...
Thai vehicle sales rise 5% in August
Yahoo Finance· 2025-09-25 09:01
Thailand’s new vehicle market expanded by over 5% to 47,622 units in August 2025 from depressed year-earlier sales of 45,190 units, according to the latest wholesale data released by the Federation of Thai Industries (FTI). August was the fifth consecutive month of growth for the market, after two years of sharp declines, as the country’s highly indebted consumers and small businesses struggled to access vehicle financing after local banks tightened lending rules. The Bank of Thailand has cut its benchmar ...
Indonesian vehicle sales fall 19% in August
Yahoo Finance· 2025-09-16 09:00
Group 1: Vehicle Sales Performance - New vehicle sales in Indonesia declined by 19% in August 2025, totaling 61,780 units compared to 76,302 units in August 2024 [1] - In the first eight months of 2025, the vehicle market shrank by 11% year-on-year to 500,951 units, following a 17% decline to 560,552 units in the same period last year [3] - Sales of light passenger vehicles fell by 11% to 387,110 units, while commercial vehicle sales declined by 9% to 113,841 units [3] Group 2: Market Dynamics - Market sentiment has weakened significantly, with fewer consumers making large purchases despite economic growth accelerating to 5.1% year-on-year in Q2 2025 [2] - Bank Indonesia cut its benchmark interest rate by 25 basis points to 5.00% in August, down from a peak of 6.25% a year earlier, to stimulate consumer spending [2] Group 3: Competitive Landscape - Japanese automakers face increased pressure from the growing presence of Chinese brands, particularly in the battery electric vehicle (BEV) segment [4] - BEV sales surged threefold to 53,100 units in the first eight months of 2025, with BYD and its Denza brand leading with 25,537 units [4] Group 4: Production and Exports - Overall vehicle production in Indonesia fell by over 3% year-to-date to 757,220 units, despite a 12% rise in exports of fully-assembled vehicles to 335,063 units [5]
Europe’s EV sales are recovering: did EU carbon regulations change the game?
Yahoo Finance· 2025-09-15 17:59
However, Europe's EV sector has seen an uptick in sales since the start of 2025. GlobalData research identified that by July, EU and UK BEV sales were up 30% year on year (YoY). Bedwell explains that “incentives have come back a bit, but the main reason is ‘push’ factors from OEMs – more affordable BEVs with attractive lease deals in response to the CO₂ target”.A lack of new models across the market coincided with a period of fewer incentives for buyers, as many European governments ended subsidies on BEVs. ...