The Chamber of Automotive Manufacturers of the Philippines, Inc. (Campi) said local auto sales could rise by 10 to 15 percent this year. Know more:
The Chamber of Automotive Manufacturers of the Philippines, Inc. said local auto sales could rise by 10 to 15 percent this year.
Gutierrez said the industry is banking on pent-up demand and the “many models” which would boost sales. Gutierrez said some car models, especially those sourced from Japan, are still affected by the shortage of microchips. Microchips, also known as superconductors, are the “brains” inside electronic devices. The report stated that microchips manage a host of systems in vehicles, for instance, including electric windows and driver-safety features.
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