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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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BusinessWorld
April 14, 2021 | 12:33 am
The auto industry sold 20,702 vehicles in March, up 88% from a year ago. PHILIPPINE STAR/ MICHAEL VARCAS
AUTO SALES in March surged by almost 88% compared with a year earlier as the industry recovers from the impact of the strict lockdown implemented last year.
The auto industry sold 20,702 vehicles in March compared with just 11,029 in the same month last year, a joint report from the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) released on Tuesday showed.
Vehicle sales in March 2020 were severely affected by closure of nearly all businesses after the government placed Luzon under an enhanced community quarantine to curb the coronavirus outbreak.
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