Car sales in the Philippines jumped 12.7 percent year-on-year in the first quarter of 2024.
The Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) said in a joint report their members sold 109,606 units from January to March this year.
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This represented an increase from 97,284 units they delivered in the same period in 2023.
“Year-to-date sales performance was driven by sustained demand for new vehicles, supported by overall supply improvement. Our first-quarter performance keeps us on track to achieve our 2024 target,” said CAMPI president Rommel Gutierrez.
