Philippine Daily Inquirer

THIRD QUARTER SALES GROWTH LIFTS AUTO INDUSTRY’S HOPES

- Text and graphs by Aida Sevilla Mendoza

In this country, everyone looks forward to September as it marks the beginning of the Christmas shopping season.

Perhaps no sector welcomes September more than the automotive industry.

The car companies’ anticipati­on of September was validated when the Chamber of Automotive Manufactur­ers of the Philippine­s, Inc. (CAMPI) and

Truck Manufactur­ers Associatio­n (TMA) reported a 7.5 percent month-on-month growth in sales from 29,599 units in August, to 31,820 units in September.

The September figures also showed a 2.3 percent increase from 31,116 units in the year-ago period.

The sales report revived the cautious optimism of the CAMPI and TMA members whose total vehicle sales in the first half of this year grew only 1.6 percent, compared to the first semester of 2018. “CAMPI remains bullish that the automotive sector will post continuous positive growth until the end of the year,” CAMPI president Rommel Gutierrez, who is concurrent­ly first vice president of Toyota Motor Philippine­s Corp., said in a press release.

“September is traditiona­lly the start of an upward trend in sales, as the public begins to spend for the upcoming holiday season.”

Gutierrez was quoted

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