Car sales jumped 12.7% in first quarter

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.

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.