As sales of outsourced automobiles surged in September, vehicle importers are becoming more hopeful as…
In August, auto sales increased 90%.
According to a report released Wednesday by the Truck Manufacturers Association (TMA) and the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI), automotive vehicle sales in August 2022 increased by 90.5% to 30,185 units from 15,847 units in the same month the previous year.
CAMPI president Rommel Gutierrez said, “the industry’s revival is clearly on pace as we surpassed monthly sales of above 30,000 units – a pre-pandemic monthly performance level last recorded in 2019.”
Due to risks from the Delta variety, the government imposed an enhanced community quarantine (ECQ) in Metro Manila in August 2021.
Under ECQ, a commercial establishment’s operating capacity was restricted.
Sales in the auto industry increased from 27,813 units in July 2022 by 8.5 percent month over month.
Both the passenger car and commercial vehicle divisions saw increases monthly and annually.
According to a joint study, the industry sold 6,733 passenger cars and 23,452 commercial vehicles in the previous month.
Total industry sales increased from 170,112 units in January to August 2022 to 212,872 units, a 25.1 percent increase.
Commercial vehicle sales have increased by 39 percent year to date to 160,790 units, whereas sales of passenger automobiles have fallen by 4.3 percent to 52,082 units in the same time frame.
According to Gutierrez, last month’s sales results indicate that the industry is hopeful about reaching its 336,000 unit sales goal for 2022.
The 8th Philippine International Motor Show (PIMS), held at the Pasay City World Trade Center from September 15 to 18, will also be held by industry participants.
This year’s PIMS aims to highlight how the industry’s key actors collaborate to reshape the future of mobility that will aid in nation-building under the theme Mobility + Humanity – Innovating for Common Good.
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