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.
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BusinessWorld
January 17, 2021 | 6:15 pm
Special Features Writer
Optimism expressed by the automotive sector for 2021
The country’s automotive industry felt the grave impact of the coronavirus disease 2019 (COVID-19) pandemic last year. Yet, with the economy gradually opening up and the industry eventually surviving the bumps from earlier months, it takes a positive outlook this year while it is set to embrace significant disruptions among consumers.
As the lockdown caused showrooms to close, the joint total vehicle sales of Chamber of Automotive Manufacturers of the Philippines (CAMPI) and Truck Manufacturers Association (TMA) reflected the pandemic’s impact.
The drop started in March 2020, when 11,029 units were recorded, much below 29,790 units in February. Then, in April a month after the lockdown started car sales plunged to only 133 units, apparently the lowest monthly sales output to date.
New vehicle sales in the Philippines jumped by almost 88% to 20,702 units in March 2021 from depressed year-earlier sales of 11,029 units, according to member wholesale data released jointly by the Chamber of Automotive Manufacturers of the Philippines Inc (CAMPI) and the Truck Manufacturers Association (TMA).
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