NEW VEHICLE SALES in the Philippines hit a record-high 467,252 in 2024, but fell short of the full-year target, according to an industry group.
A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed total vehicle sales last year jumped by 8.7% from 429,807 units in 2023.
It missed the industry’s 468,300 sales target by 0.2% last year.
For the January-to-December period, commercial vehicle sales increased by 8.1% to 346,482 units, while passenger car sales rose by 10.5% to 120,770 units.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
