Cars

The Philippines' Car Sales Went Up By 37 Percent in September

'We are still cautious that consumer spending is below pre-pandemic levels due to the evident shifts to essentials goods and services.'
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From 17,906 units sold in August, sales in the auto industry went up 24,523 units in September—that's a 37 percent increase. The report, by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA), details a potential recovery by the end of the year.

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“CAMPI remains optimistic that the automotive sector will recover until the end of the year amid the new normal environment as the industry posted double-digit growth of 37 percent in September,” said CAMPI president Atty. Rommel Gutierrez.

The sales report includes passenger cars, commercial vehicles, as well as AUV, LCB, and trucks. Much of the sales could be attributed to commercial vehicles, which had a total of 15,967 sold. Passenger cars followed at 8,556 units.

In fact, growth was reported in all vehicle categories except for trucks and buses.

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According to Gutierrez, however, the chamber is still wary considering consumer spending is below pre-pandemic levels. "We are still cautious that consumer spending is below pre-pandemic levels due to the evident shifts to essentials goods and services," he said.

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Paolo Chua
Paolo Chua is the Associate Style Editor of Esquire Philippines.
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