MANILA – The country’s automotive industry has continued to recover as sales in May 2021 increased compared to the previous month and May 2020, the joint report of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) showed.
The industry groups’ sales last month reached 22,062 units, which are 23.6 percent higher than sales in April 2021 and 360.8 percent higher than May 2020.
In a statement Monday, CAMPI president Rommel Gutierrez attributed the increase in sales to the easing of quarantine measures in the National Capital Region (NCR) Plus --Metro Manila, Bulacan, Cavite, Laguna, and Rizal.
Month-on-month, passenger car sales rose by 36.43 percent to 7,599 units in May 2021 from 5,570 units in April this year.
Commercial vehicle sales also posted an increment of 17.8 percent with sales of 14,463 units last month from 12,273 units in April.
Meanwhile, five-month sales of the industry jumped by 58.7 percent to 110,217 units this year from 69,463 units in the same period in 2020.
Sales of passenger car and commercial vehicle segments registered double-digit growth during the period.
The passenger car segment sold a total of 35,024 units in the first five months of the year, 82.4 percent higher than the 19,201 unit sales in the same period in 2020.
Commercial vehicle sales increased by 49.6 percent to 75,193 units in the January to May period from 50,262 units in 2020.
For sub-segments of commercial vehicles, Asian utility vehicle sales increased 47.1 percent to 13,908 units in January to May 2021 from 9,458 units last year; while light commercial vehicle sales improved by 49.4 percent to 57,510 units this year from 38,497 units in 2020.
Year-to-date, sales of light trucks rose by 54 percent to 1,917 units from 1,245 units; sales of trucks and buses category four rose 69.6 percent to 1,335 units from 787 units; and trucks and buses category five increased its sales by 90.2 percent to 523 units from 275 units.
“The industry remains optimistic of a nascent recovery but at the same time on guard for any downside risks of the pandemic particularly if lockdowns are reimposed in NCR Plus and in other regions, resulting in a tepid consumer confidence,” Gutierrez said. (PNA)
