• Contact
Tuesday, July 14, 2026
Register
Login
European Press
Advertisement
  • News
  • Business
  • Tech
  • Sport
  • Health
  • Media
  • Lifestyle
  • Video
No Result
View All Result
  • News
  • Business
  • Tech
  • Sport
  • Health
  • Media
  • Lifestyle
  • Video
No Result
View All Result
European Press
No Result
View All Result

Philippine auto sales slump in April as oil prices surge

24 May 2026
in Business
Reading Time: 4 mins read
A A
Philippine auto sales slump in April as oil prices surge
ShareShareShareShareShare
Car enthusiasts test-drive various vehicle brands at the Mall of Asia Concert Grounds in Pasay City, May 7, 2026. — PHILIPPINE STAR/RYAN BALDEMOR

By Beatriz Marie D. Cruz, Senior Reporter

PHILIPPINE CAR SALES declined by 19% in April as rising oil prices linked to the Middle East war continue to dampen consumer demand for gas-powered vehicles, according to a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA).

Electric vehicle (EV) sales emerged as a bright spot, nearly quadrupling in April amid growing demand for energy-efficient alternatives.

CAMPI-TMA data released on Sunday showed that vehicle sales fell by 18.9% to 27,225 units in April from the 33,580 units sold in the same month a year ago.

Support authors and subscribe to content

This is premium stuff. Subscribe to read the entire article.

Login if you have purchased

Subscribe

Gain access to all our Premium contents.
More than 100+ articles.
Subscribe Now

Related Posts:

  • DTI to revive RACE program of incentives for ICE vehicles
    DTI to revive RACE program of incentives for ICE vehicles
  • Inflation woes drag Philippine business confidence in April
    Inflation woes drag Philippine business confidence in April
  • IMF trims Philippine growth outlook until 2027
    IMF trims Philippine growth outlook until 2027
  • Philippine factory activity returns to growth in May, PMI shows
    Philippine factory activity returns to growth in…
  • Peso still Asia’s ‘weakest link’ despite BSP policy tightening
    Peso still Asia’s ‘weakest link’ despite BSP policy…
  • April trade deficit nears 4-year high
    April trade deficit nears 4-year high
ShareTweetSendPinShare
Previous Post

Remittances from Mideast likely to remain resilient

Next Post

Mike Tindall makes major swipe at Prince Harry and seemingly confirms they are no longer close

Related Posts

Host Alas Pilipinas clashes with Cambodia in men’s SEA V Cup
Business

Host Alas Pilipinas clashes with Cambodia in men’s SEA V Cup

14 July 2026
Burnham urged to act on day one
Business

Burnham urged to act on day one

14 July 2026
Next Post
Mike Tindall makes major swipe at Prince Harry and seemingly confirms they are no longer close

Mike Tindall makes major swipe at Prince Harry and seemingly confirms they are no longer close

Recommended

One of the world’s best pizza places to open West LA shop

One of the world’s best pizza places to open West LA shop

25 June 2026
Freddy Brazier addresses split with daughter’s mum

Freddy Brazier addresses split with daughter’s mum

11 July 2026
Infantino:’We want to bring the World Cup to every football fan”

Infantino:’We want to bring the World Cup to every football fan”

17 June 2026
Philippines’ net FDI inflows plunge to near 10-year low in April

Philippines’ net FDI inflows plunge to near 10-year low in April

10 July 2026
Applebee’s announces return of the Dollarita in July

Applebee’s announces return of the Dollarita in July

23 June 2026
European Press

European-press.com shares the latest news from Europe and around the world. It covers topics such as business, technology, sports, health, entertainment, and lifestyle. Feel free to get in touch with us!

Disclaimer  Privacy Policy – EU  Imprint 

Contact Us

What’s New Here!

  • Untitled
  • Prince Harry ‘buoyed’ over Charles meeting with Meghan and kids
  • Netflix’s MLB Home Run Derby was a show. Was it any good?
  • Host Alas Pilipinas clashes with Cambodia in men’s SEA V Cup

Subscribe to Our Newsletter

© 2026 EUROPEAN PRESS

Translate »
No Result
View All Result
  • News
  • Business
  • Tech
  • Sport
  • Health
  • Media
  • Lifestyle
  • Video

© 2026 EUROPEAN PRESS

Not enough quota to unlock this post
Unlock left : 0
Are you sure want to cancel subscription?
×