Vehicle sales continued to post double-digit growth in March 2023 with the automotive industry eyeing to surpass pre-pandemic sales levels this year, data released by the manufacturers on Wednesday showed.
A joint report by the Chamber of Automotive Manufacturers of the Philippines Inc. and the Truck Manufacturers Association showed that total new motor vehicle sales for the month hit 36,880 units.
“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,” CAMPI President Atty. Rommel Gutierrez said in an emailed statement. “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,” Gutierrez said.
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