CAMPI, TMA report 9.5% rise in vehicles sales

AUTOMOTIVE vehicle sales hit year, an industry group said, up 9.5 percent from a year earlier.

Sales, however, were down 2.4 percent from the previous month, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) said in a joint report.

“Despite the decline in September sales, the outlook for succeed- ing months remains strong, driven by the good sales performance of key models,” CAMPI President Rommel Gutierrez said.

A decline in passenger car sales, units in September from a year earlier, limited gains for the month.

Commercial vehicle sales, meanwhile, remained robust by growing

Broken down, Asian utility vehicle (AUV) sales grew by 0.5 percent to 5,981 units, light commercial vehicles to 1,088 units, and two categories of trucks and buses jumped 59.1 percent and 198 units.

year, CAMPI and TMA sales improved

Passenger car sales went up by 4.8 percent to 101,655 units, while commercial vehicle sales increased by 22.4 percent to 201,214 units. “We maintain our optimism in achieving the year-end target with competitive promotional support and marketing activities to further push vehicle sales,” Gutierrez said.

The year-to-date tally currently accounts for 67 percent of the industry’s 2017 sales goal of 450,000 units.