MANILA, (PIA) — Automotive vehicle sales in the Philippines rose by 8.5% year-on-year in November 2024, totaling 40,898 units compared to 37,683 units in November 2023, according to the Chamber of Automotive Manufacturers, Inc. (CAMPI) and the Truck Manufacturers Association.
The increase was primarily driven by commercial vehicle sales, which surged 10.5% to 31,062 units from 28,114 units in the same period last year.
Passenger car sales also saw a modest rise of 2.8%, totaling 9,836 units compared to 9,569 units in November 2023.
On a month-to-month basis, vehicle sales grew by 2.2% from the 40,003 units recorded in October 2024.
CAMPI President Rommel Gutierrez highlighted that November’s strong performance brought total sales for the first 11 months of 2024 to 425,208 units, marking an 8.8% increase from 390,654 units sold during the same period in 2023.
Commercial vehicles accounted for 74% of total sales from January to November, while passenger cars represented 26%.
The top-performing brands during this period included Toyota, Mitsubishi, Ford, Nissan, and Suzuki. (JCO/PIA-NCR)
