NextGen Day

The local automotive industry’s first-half sales increased by 56.1 percent to 132,767 units from 85,041 units a year earlier, according to a joint study released Tuesday by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA).

From January to June 2021, passenger vehicle sales increased by 77.3 percent to 42,406 units, up from 23,912 units in the first half of 2020.

Commercial vehicle sales increased by 47.8% to 90,361 units in the first semester of 2021, compared to 61,129 units sold in the same time the previous year.

In June 2021, industry sales rose by 44.8% to 22,550 units, up from 15,578 units the previous month.

Sales of passenger cars increased by 56.7 percent to 7,382 units in June 2021, up from 4,711 units in June 2020.

Commercial vehicles were sold in 15,168 units, up 39.6% from 10,867 units the previous year.

Meanwhile, the industry’s revenues increased by 2.2 percent month over month.

“During these unusual circumstances, the car sector continues to adapt to the impacts of the epidemic while also trying to find a balance between its contributions to the economy and keeping its stakeholders safe and healthy,” said CAMPI president Rommel Gutierrez.

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