CAMPI: Auto Sales up 14.2% Despite High Oil Prices

Auto sales went up by 14.2 percent to 73,290 units in the first seven months of the year despite the unabated increase in oil prices, the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) said in a joint report.

CAMPI president Elizabeth H. Lee said the automotive industry remains confident that they will reach their sales target of 125,500 units for this year. Read more

CAMPI: Car Sales Up but Buyers Focus on Fuel Efficiency

The automotive industry sold 61,654 cars and trucks in the first half of the year, up 13.6 percent from the same period last year, even as buyers shifted to fuel-efficient vehicles amid escalating petroleum prices.

“The overall Philippine automotive industry… remains relatively strong and stable,” said Elizabeth Lee, president of the Chamber of Automotive Manufacturers of the Philippines Inc. Read more

CAMPI: Philippine Auto Sales Up 14.8% in 4 Months

The auto industry recorded a 14.8-percent sales increase  during the first four months of this year due to a  continued strong demand for commercial vehicles.

“The Philippine auto industry thus far, is bucking the general trend seen in other countries such as the US, where rising fuel prices   coupled with a softening economy resulted in a downward trend in   commercial vehicle sales,” Elizabeth H. Lee, president of the Chamber of Automotive Manufacturers of the Philippines (CAMPI) said.

From January to April, auto sales reached 39,981 units of which 11,078 units were sold in April alone.

Commercial vehicles continue to dominate the local market covering 66 percent of total vehicle sales nationwide.

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