Vehicle sales accelerated by 64.2 percent in September to 35,282 units from 21,493 units delivered in the same month last year, two industry groups said Tuesday.
The Chamber of Automotive Manufacturers of the Philippines Inc. and the Truck Manufacturers Association reported that the industry had maintained a steady momentum in sales.
“The automotive industry foresees a continued growth in the latter part of the year, benefitting from the improving economy based on the recent growth forecast of 6.5 percent this year attributed to strong domestic demand and continued easing of pandemic restrictions,” said CAMPI president Rommel Gutierrez.
Passenger car sales grew 21.2 percent in September to 7,976 units from 6,580 units a year ago, while commercial vehicle sales went up by 83.1 percent to 27,306 units from 14,914 units.
Gutierrez said demand inched up month-on-month as the economy continued to recover and businesses saw new opportunities for mobility.
Data also showed that passenger car sales went up by 18.46 percent from 6,733 units sold in August while demand for commercial vehicles climbed 16.4 percent from 23,452 units.
Total vehicle sales increased 29.5 percent in the first nine months to 248,154 units from 191,605 units registered in the same period in 2021.
Commercial vehicle sales surged 44 percent in the nine-month period to 188,096, while passenger car sales slowed down by 1.5 percent to 60,058 units.