VEHICLE SALES in the Philippines jumped by 8.5% year on year in November, mainly driven by demand for commercial vehicles, an industry report.
In a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed vehicle sales rose to 40,898 units in November from 37,683 units in the same month in 2023.
Month on month, vehicle sales inched up by 2.2% from the 40,003 units sold in October.
Sales of commercial vehicles, which made up 76% of the industry’s total sales, jumped by 10.5% to 31,062 units in November from 28,114 units a year ago.
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