The domestic car industry continues to show a strong trajectory, with over 39,000 units sold in August, up 6.7% from the 36,699 units sold in August 2023, combined data from car manufacturers showed.
According to the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMI), 39,155 new motor vehicles hit the roads last month, driven by robust demand for commercial vehicles. However, the number is lower by 0.4% than the 39,331 units sold in July.
Commercial vehicles accounted for 75.66% of the sales for the month, with 29,626 units, while passenger car sales stood at 24.34% or 9,529 units.
Sales of Asian utility vehicles (SUVs) stood at 6,829 units, light commercial vehicles at 21,812 units, light-duty trucks and buses at 628 units, medium-duty trucks and buses at 312, and heavy-duty trucks and buses at 45 units.
Year-to-date sales were recorded at 304,765 units, reflecting a 10.3% increase from the 276,200 units sold in January to August 2023.
CAMPI expects sales to grow 9% to 468,000 units this year from the 429,807 units sold in 2023. It also said this might increase to 500,000 as the group hosts the Philippine International Motor Show (PIMS) this year.
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