DECEMBER sales totaled 37,259 units, which is a 33.8-percent growth compared with 27,846 vehicles sold in the same period in 2021.
The figure completed a full year sales of 352,596 units for 2022, said the Chamber of Automotive Manufacturers of the Philippines, Inc. and Truck Manufacturers Association . It surpassed the forecast of 336,000, which is another proof that the industry’s continuing rebound is for real in that the pandemic hump has now been practically hurdled.
“It is worth mentioning that the 37,000-level figure was recorded back in 2017,” said Campi president Rommel Gutierrez. “Achieving it again brings us renewed optimism for a better year.” Year-to-date, Campi-TMA sold 352,596 units in 2022, equivalent to a 31.3-percent growth compared with the same period in 2021. But to digress, the microchip business continues to cripple vehicle manufacturing worldwide, stunting the growth of many brands while putting under the radar the future of the supply chain.India has surpassed Japan in sales with 4.25 million vehicles sold to Japan’s 4.2M. According to Nikkei Asia, India is now the world’s No. 3 car-seller, with China No. 1 at 5.
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