The motor vehicle industry experienced a 10.4% increase in total sales in the first month of the year with 37,604 units sold during the month versus January 2024.
A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed the commercial vehicle segment grew by 16.6% year-on-year, with 29,875 units sold, while the passenger car segment declined by 8.5% year-on-year, selling 7,729 units.
With yet another good performance in January 2025 sales, CAMPI is projecting to hit 500,000 units sales for the year.
“CAMPI is confident in setting the aspirational figure of 500,000 units sale as its target for this year. Newly-rolled out models and anticipated introduction of new models are some of the factors that will contribute to achieving this target,” said CAMPI president Atty. Rommel Gutierrez.
