After a stunning decrease in sales, CAMPI sees slow recovery
Car sales improve in June 2020
MANILA – Total vehicle sales for June this year improved by 225.4% as Filipino consumers bought 15,578 units of cars and trucks across the country last month.
It will be recalled the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and the Truck Manufacturers Association (TMA) reported 4,788 units were sold in May 2020.
“This positive growth shows early signs that consumer demand for new cars is starting to improve albeit slowly. The auto industry recovery may take time as vehicle sales still remain a challenge,” CAMPI President Atty. Rommel Gutierrez said.
He explained that the industry is maximizing its digital platforms as one of the avenues to strengthen campaigns for promotional sales. He said this is one of the strategies to adjust to the new normal.
CAMPI and Truck Manufacturers Association said on a month-on-month the industry sales fell by 51.2% from 31,950 units sold during the same period last year.
According to the CAMPI and TMA statement, on a year-to-date analysis, the industry sold 85,041 units with a 51.2% declined compared with the first half sales of 2019. (Melo M. Acuña)
Taxis on queue at SM North in Quezon City. Taxi fleets have modernized their units over the past years adding to the increase in car sales prior to COVID-19 pandemic. (Melo M. Acuna photo)