Published May 11, 2021, 4:16 PM
The automotive industry posted a gargantuan 13,315 percent year-on-year increase in sales in April, the highest sales growth ever in the domestic industry’s history, but only because April 2020 was the height of the first lockdown where all businesses practically stood still.
A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) showed total vehicle sales for April 2021 reached 17,843 units translating to a mammoth 13,315 percent increase from the 133 units sold in April 2020.
It could be recalled that the first enhanced community quarantine (ECQ) took effect on March 16, 2020.
Naturally, all industry segments posted positive in April compared to April 2020 sales. Commercial vehicles contributed 12,273 units with light commercial vehicles (LCVs) generating the most number of sales with 9,546 units, while the passenger segment sold 5,570 units.