CAMPI, TMA Mar. sales tally is highest since start of pandemic

MANILA: A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) shows total vehicle sales for March 2022 reached 29,685 units, equivalent to 43.4% growth compared with 20,702 units recorded in the same period a year ago.

A month-on-month improvement is also seen posting a 22.1% growth from 24,304 units sold in February.

CAMPI President Atty. Rommel Gutierrez commented on the 43.4% spike, saying that, “March performance has already reached the industry’s pre-COVID level of sales — and now the highest monthly sales recorded since the onset of the pandemic based on our data. This milestone is very important to the industry as this essentially gives us a positive signal of continued recovery amid the economy and business operations alike starting to normalize.”

“The industry remains ‘cautiously optimistic’ for full recovery this year as we just started the second quarter," Atty. Gutierrez added. 

"At this point, it is indeed crucial that we remain on guard against any potential risks in achieving full economic recovery, and pre-pandemic levels of business and consumer confidence at the same time." 

Year-to-date, CAMPI-TMA tallied 74,754 units sold, up by 6.3% compared with the same period last year.

In the passenger vehicle sales category, Toyota Motor Philippines Corporation (TMP) leads this with 3,713 units sold in March; followed by Honda Cars Philippines, Inc. (HCPI) with 892 units; and Mitsubishi Motors Philippines Corp. (MMPC) with 758 units. 

In terms of commercial vehicle sales, TMP sold the most number of units in March with 11,397; followed by MMPC with 3,130, and Nissan Philippines, Inc. (NPI) with 2,177. 

Photos from Toyota Motor Philippines (TMP) and Kap Maceda Aguila 

Also read: CAMPI, TMA record 17% vehicle sales growth in Feb.