The Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and Truck Manufacturers Association (TMA) said its fullyear sales have exceeded the industry forecast for 2022. Know more:
The Chamber of Automotive Manufacturers of the Philippines Inc. and Truck Manufacturers Association said its fullyear sales have exceeded the industry forecast for 2022.
A joint report released by the two groups shows new motor vehicle sales in December 2022 reached 37,259 units, a 33.8 percent growth compared with 27,849 units recorded in the same period in 2021. Gutierrez said the last time the industry sold 37,000 units was in 2017. Achieving it again, he said, gives the industry “renewed optimism” for the year ahead.
Gutierrez said “the continued expansion of the economy, creation of new jobs and opportunities is just as important as ensuring that no pandemic disruption occurs anew this year.”
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