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File photo MANILA - The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) remains hopeful to hit the industry's sales target this year after recording an encouraging month-on-month growth in September. A joint report of CAMPI and Truck Manufacturers Association (TMA) on Monday showed that vehicle sales in September grew 35.6 percent to 21,493 units from 15,847 units in August this year. In a statement, CAMPI president Rommel Gutierrez said the favorable development last month will help the industry to achieve its sales target for this year. "Amidst the challenges, the industry's optimism still lingers for a better sales performance in the fourth quarter this year. This is driven by the overall improved consumer confidence resulting from a more buoyant economic condition and household spending, according to the recent government data," he added. Earlier, Gutierrez said the industry targets to end the year with 295,400 unit sales. The target includes sales of imported vehicles. For the first nine months of the year, sales of local car assemblers reached 191,605 units, increasing by 29.5 percent from the same period last year at 148,012 units. In the same period, passenger car sales rose 38.3 percent to 60,982 units from January to September this year from 44,079 units in 2020. Commercial vehicle sales improved by 25.7 percent to 130,623 units from 103,933 units. Industry leaders for the first three quarters of the year are Toyota, Mitsubishi, Ford, Suzuki, and Nissan. (PNA) }

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Manila , Philippines , Rommel Gutierrez , Nissan , Automotive Manufacturers Of The Philippines Inc , Mitsubishi , Toyota , Suzuki , Truck Manufacturers Association , Automotive Manufacturers , File Photo Manila The Chamber Of Automotive Manufacturers Philippines , Nc Campi Remains Hopeful To Hit The Industry 39s Sales Target This Year After Recording An Encouraging Month On Growth In Septembera Joint Report Of And Truck Manufacturers Association Tma Monday Showed That Vehicle September Grew 35 6 Percent 21 , 493 Units From 15 , 847 Units In August This Year Ina Statement , Ampi President Rommel Gutierrez Said The Favorable Development Last Month Will Help Industry To Achieve Its Sales Target For This Year Quot Amidst Challenges , He Industry 39s Optimism Still Lingers Fora Better Sales Performance In The Fourth Quarter This Year Is Driven By Overall Improved Consumer Confidence Resulting Froma More Buoyant Economic Condition And Household Spending , Ccording To The Recent Government Data , Uot He Added Earlier , Utierrez Said The Industry Targets To End Year With 295 , 400 Unit Sales The Target Includes Of Imported Vehicles For First Nine Months Year , Ales Of Local Car Assemblers Reached 191 , 605 Units , Ncreasing By 29 5 Percent From The Same Period Last Year At 148 , 012 Units In The Same Period , Assenger Car Sales Rose 38 3 Percent To 60 , 982 Units From January To September This Year 44 , 079 Units In 2020 Commercial Vehicle Sales Improved By 25 7 Percent To 130 , 623 Units From 103 , 933 Units Industry Leaders For The First Three Quarters Of Year Are Toyota , Ford , Nd Nissan Pna ,

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