While the local automotive industry has yet to fully rebound from the huge slump caused by the turnout of events earlier this year, a major local carmaker’s group has opened the third quarter on a significantly positive note.
Based on the joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA), vehicles sales for July reached 20,542, representing a 31.9 percent jump over the 15,578 units sold back in June.
However, it is still down by 35.4 percent when compared to the 31,810 units delivered in the same month last year.
On a year-to-date comparison, the group only rolled out 105,583 units—which is a 48.7 percent drop from the 205,945 units attained for the first seven months of 2019.
Despite all the negative numbers, CAMPI President Atty. Rommel Gutierrez expressed high hopes with the recent sales achievement