In the Chamber of Automotive Manufacturers of the Philippines and Truck Manufacturers Association joint report, new vehicle sales climbed to 25,149 units compared to 17,843 units in April 2021.Year-on-year growth of the passenger cars segment rose by 12.4 percent to 6,259 units in April this year from 5,570 units in 2021, while commercial vehicle sales jumped by 53.9 percent to 18,890 units from 12,273 units in the same period.
However, monthly sales dipped slightly. April 2022 sales registered a 15.3 percent decline compared to March’s record highs. This, though, can be attributed to the Holy Week which reduced the number of selling days.
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