LOCAL car sales reached 226,279 units in the first half of 2024, up 11.8 percent from the 202,415 units sold in the same period last year, according to the Chamber of Automotive Manufacturers Association of the Philippines Inc. (Campi). While car sales grew 7.
LOCAL car sales reached 226,279 units in the first half of 2024, up 11.8 percent from the 202,415 units sold in the same period last year, according to the Chamber of Automotive Manufacturers Association of the Philippines Inc. .
The Campi-TMA report indicated that car sales in the month of June 2024 alone reached 39,088, a 7.6-percent increase from the 36,311 units sold in June 2023, but a 2.9 percent dip from the 40,271 units sold in May 2024. The Campi head expressed optimism, however, that the auto industry is on track to hitting its target of 468,300 units this year despite the delays in the arrival of car units.The 226,279 units sold in the first half of the year represent 51.68 percent of its 2024 target.
Under the commercial vehicle segment, light commercial vehicles continued to drive sales with 121,760 units. This was followed by Asian Utility Vehicle with 39,438 units; Light-Duty Trucks and Buses with 2,897 units; Medium-Duty Trucks and Buses, with 1,987 units and Heavy-Duty Trucks and Buses with 322 units.
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