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Local vehicle makers enjoy sales hikes

Republika

The joint report of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) said sales of the local automotive industry during the first semester of the year rose by 56.1 percent to 132,767 units from 85,041 units in the same period a year ago.


It said passenger car sales jumped by 77.3 percent from January to June 2021 to 42,406 units from 23,912 unit sales in the first six months of 2020.


Commercial vehicle sales also grew double digits by 47.8 percent to 90,361 units in the first semester of 2021 from 61,129 units sold in the same period last year.


For June 2021 alone, industry sales increased by 44. 8 percent to 22,550 units from 15,578 units a year ago. June 2021 sales of the passenger car segment improved by 56.7 percent to 7,382 units from 4,711 units in June 2020.


Commercial vehicles sold 15,168 units, 39.6 percent higher than last year’s sales of 10,867 units. Meanwhile, month-on-month sales of the industry still recorded a 2.2-percent growth.


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