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PASAY CITY — Following the record-high sales of vehicles in the Philippines last year, the automotive parts and car care products are logically set to rev up further.
Thus, the inaugural Auto Parts and Vehicles Expo Philippines (APVE) is a timely platform for local and international suppliers to convene for trading, networking, and innovations about automotive parts, accessories, maintenance equipment, and tools.
The first edition of the three-day sectoral event from June 5 to 7 expects up to 4,000 prospective buyers and sellers from across the country and Southeast Asia. Hundreds of regional and international exhibitors are keen to display the latest products and solutions in the evolving auto parts sector.
“The first-ever APVE Philippines is designed to be a game-changing platform aimed at congregating industry leaders, buyers, sellers, and representatives from the government to unlock emerging and potential growth opportunities in the auto parts sector,” said Rungphech ‘Rose’ Chitanuwat, General Manager in the Philippines of Informa Markets, the organizer of the trade event.
“APVE is also relevant to related industries like mining, construction, logistics, transportation, and agriculture. Just like in other nations across the region, the auto parts sector in the country is promising as it is bolstered along with robustly growing vehicle sales,’ she added.
Record-breaking care sales
Overall automotive sales in the Philippines grew by a whopping 21.9 percent in 2023, accounting for a record-high purchase of 429,807 units. That exceeded the industry’s annual sales target of 423,000 and even outpaced the pre-pandemic sales levels. Passenger vehicles accounted for 25.4 percent of the actual annual sales figure, while the rest (74.6 percent) for commercial vehicles.
The local automotive parts sector covers over 250 businesses that produce and import up to 330 types of parts and components (made of metals, rubber, plastic, and other composite materials). Those companies supply items for original equipment manufacturers (OEMs) and independent aftermarket (IA<) or the parts replacement market in the country.
APVE also covers suppliers and spare parts for the growing electric vehicle (EV) sector. Through Republic Act 11697 or the Electric Vehicle Industry Development Act (EVIDA), the sales of electric vehicles continue to pick up along with the faster EV adoption, encouraging the public sector’s support, and democratizing costs.
Relevant conferences and seminars
Driven by the continuous improvement of economic conditions, increase of consumer confidence, and the introduction of high technology and innovative aftermarket parts of the vehicles, there are always affiliated issues connected to the industry. Thus, the inaugural APVE Philippines created significant conferences and seminars targeted at key stakeholders.
Day 1: Set for the Philippine Board of Investments to arrange a seminar about possible tax incentives for investors. the Electric Vehicle Association Philippines (EVAP) will also hold seminar sessions on the issues concerning the state of the Philippine Electric Vehicle Industry.
Day 2: The conference is about strategic alliances in the industry. The seminar room will hold the number-to-number car show (featuring overlending and off-road car expo and certification training). Meanwhile, a National Transport Congress is also being hosted by the National Federation of Transport Cooperatives.
Day 3: Focuses on seminars for haulers and truckers, discussions about automotive trends, and culmination of the bumper-to-bumper car show.
The AutoParts & Vehicles Expo (APVE) Philippines 2024 is ongoing until June 7 at the World Trade Center in Pasay City. For inquiries, visit www.apvexpo.com or contact Belle Tamayo (email: [email protected], landline: +63 2 8581 1932.
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