New vehicle sales in the Philippines rose by 43% to 14,254 units in April – ahead of the May 10th general elections, according to data released by the Chamber of Automotive Manufacturers of the Philippines Inc (Campi).
Sales for the first four months of the year were up by 37.4% at 52,963 units – which the association attributes to new model launches and aggressive finance packages.
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Sales of passenger cars in the four months rose by 37% year-on-year to 17,667 units, while commercial vehicle sales rose by over 42% to 35,296 units.
Campi president Elizabeth Lee said sales could have been higher in April, with some deliveries delayed due to inventory shortages. The association remains upbeat about the full-year outlook, citing continued recovery in consumer and business confidence and manageable inflation. It plans to revise upwards its full-year sales forecasts.
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