Published July 13, 2021, 12:21 PM
Motor vehicle sales jumped 56.1 percent in the first semester this year to 132,767 versus 85,041 units in the first six months last year when the government implemented the first hard lockdown policy due to the coronavirus pandemic.
A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) stated that the automotive industry continued to adjust to the effects of the pandemic.
For the first half this year, the industry reported that the passenger car segment grew the fastest with 77.3 percent increase to 42,406 units from 23,912 units versus the same period last year.
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All indicators showed that the domestic motor vehicle industry is moving back to its growth trajectory, based on data from the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA). For the month of May, motor vehicle sales reached 22,062
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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.