The Philippine automotive industry recorded in January 2018 a 4% sales growth over the same month last year. Based on the joint report issued by the Chamber of Automotive Manufacturers of the Philippines, Inc. (“CAMPI”) and the Truck Manufacturers Association (“TMA”), a total of 31,645 units were sold during the month compared to the 30,425 units sold in January 2017.
“We started the year with a modest growth of 4% in January 2018 against the same period last year. While this is considerably low compared to the growth rate of January 2017 (27% up versus January 2016), we still consider January 2018 sales as satisfactory and a good start for the auto industry. We will continue our efforts in sustaining the growth momentum of past years”, according to CAMPI President Atty. Rommel Gutierrez.