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.
Car sales in Philippines continue to slump bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
BusinessWorld
February 12, 2021 | 12:31 am
Car sales slipped by 1.4% in January, industry data showed. PHILIPPINE STAR/MICHAEL VARCAS
THE AUTO INDUSTRY is showing hints of recovery, as car sales in January dipped by 1.4% year on year, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) reported on Thursday.
The joint report said that sales fell to 23,380 units in January, from 23,723 in the same month in 2020, as passenger car sales growth failed to offset the continued drop in commercial vehicle sales.
In a statement, CAMPI said the slight year-on-year decline in January sales was a “positive sign” that the industry was slowly recovering.
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