PASIG CITY, Dec. 29 (PIA) The Department of Trade and Industry (DTI) will issue policies to protect the local automotive industry from imported vehicles.
In a report by PTV News Online, DTI Undersecretary Ceferino Rodolfo said a plan will be submitted to DTI Secretary Ramon Lopez for final approval before 2020 ends.
Based on their initial investigation, the local industry must have adequate protection from taxes against those who import cars.
Rodolfo pointed out that the government is considering the hardship experienced by local manufacturers of cars just to recover from the pandemic.
The data of the Chamber of Automotive Manufacturers of the Philippines Inc., and Truck Manufacturers Association shows that car sales in the past 11 months have dropped by 41.6 percent. (PIA NCR)
Typhoons rain down on recovering vehicle sales
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Typhoons drag car sales in November – The Manila Times
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Published December 17, 2020, 5:30 AM
Motor vehicle sales in November suffered a 7.4 percent decline due to the consecutive typhoons that badly hit growth driver regions Bicol, Central Luzon and the National Capital Region.
A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) showed total sales reached 23,162 units in November, equivalent to a 7.4 percent decrease from 25,023 units sold in the previous month.
CAMPI president Atty. Rommel Gutierrez said that sales in the badly hit regions of Bicol, Central Luzon and NCR declined by 8.3 percent in November compared to October.
“We remain optimistic in sustaining this level of sales performance for this month, which is critical for the industry to achieve its sales forecast,” remarked Atty. Gutierrez.
There certainly are years that are better than others, but no other year in recent memory is as universally challenging as 2020. Sure, there were some opportunities this year and a number of reasons to remain optimistic, but to say this year is challenging is an understatement. The ongoing COVID-19 pandemic has certainly affected every facet of our lives, and this includes the automotive industry and how it’s going through amid a challenging time.
Based on the automotive sales data from the Association of Vehicle Importers and Distributors (AVID), the group sold 6,120 units in October, which is a nine percent increase versus September sales figures. On the other hand, the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and Truck Manufacturers Association (TMA) sold 25,023 units in October, which is a two percent increase versus their September sales figures.