New vehicle sales in the Philippines increased by 21% to 14,888 units in April, from 12,304 in the same month of last year, according to data released jointly by the Chamber of Automotive Manufacturers of the Philippines Inc (CAMPI) and Truck Manufacturers Association (TMA).
Year-earlier sales were held back by supply disruptions in Thailand due to floods. Nevertheless, this latest result keeps the market on track to meet CAMPI’s full-year forecasts of 200,000 units for the entire market.
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Cumulative sales in the first four months of the year increased by 27.4% to 56,590 units, compared with 44,428 units last year. This does not include sales of non-affiliated brands such as Hyundai, Chevrolet and Subaru which typically account for around 15% of the market.
Commercial vehicle segment sales increased 21.7% to 38,078 units in the four-month period, while sales of passenger cars increased by close to 41% to 18,512 units.
