The Philippines car industry will recover this year with sales increasing 7% to 177,000 units from 165,000 in 2011, Rommel Gutierrez, Chamber of Automotive Manufacturers of the Philippines president, told GMA News Online.
Gutierrez, also corporate affairs vice president of Toyota Motor Philippines Corporation (TMP), said the industry expects a stable supply of vehicles, both completely knocked down [kits for local assembly] and completely built-up units.
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New models of all types of vehicles will also be introduced, Gutierrez noted.
“Some of the sales are carry-over from last year — customers who ordered last year but had to wait for their vehicles this year,” he said.
Last year, domestic sales fell 4% to 144,600 units because of disasters that hit Japan and Thailand where most local vehicle parts come from.
