Vehicle sales down 23% in September | Inquirer Business
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Vehicle sales down 23% in September

/ 04:06 AM October 13, 2020

Vehicle sales fell 22.9 percent in September to 24,523 units from 31,820 units in the same month a year ago, according to a joint report by the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and Truck Manufacturers Association.

The groups sold a total of 148,012 units in nine months, which was 44.6-percent lower than the 267,364 units sold in the comparative period of 2019.

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Nevertheless, Campi noted in a statement on Monday how the sales for the month of September alone marked a 37-percent increase compared to the sales back in August of 17,906 units.

“Campi remains optimistic that the automotive sector will recover until the end,” said Campi president Rommel Gutierrez.

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Toyota Motors Philippines Corp. was still the market leader despite a 44.6-percent drop in volume sales to 63,182 units.INQ

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TAGS: Business, cars, Vehicle
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