A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) shows total new motor vehicle sales for March 2023 reached 36,880 units, equivalent to 24.2% increase compared with 29,685 units recorded in the same period a year ago.
CAMPI President Atty. Rommel Gutierrez said that “achieving the 36,880-unit sales in March is indeed good news as the auto industry continues to hinge on the thriving consumer demand for new motor vehicles, which hopefully will further improve in the coming months. In the same way, favorable economic conditions are also an important driving factor for sustained growth”.
“It is worth noting that the March 2023 sales performance is the second highest monthly performance in a post-pandemic time, after the more than 37,000-unit sales level recorded in December last year”, Atty. Gutierrez added.
For the first quarter, CAMPI-TMA sold 97,284 units, equivalent to 30.1% growth compared with the same period last year.
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