File photo MANILA - The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) targets the local automotive vehicle industry to expand by 17 percent in terms of volume of sales this year. "As the economy reopens, the safety and health of the public is paramount to prevent another wave of virus infections and cause disruption anew to the recovery of the industry, which targets to sell 336,000 units this year a 17-percent increase from the actual volume last year," CAMPI president Rommel Gutierrez said in a statement Thursday. Last year, CAMPI alone registered a 20-percent sales increase selling 268,488 units in 2021. On the other hand, the group of vehicle importers reported an increase of 14 percent last year with a total of 58,916 unit sales. Meanwhile, CAMPI members' vehicle sales in February this year still registered a decline. However, the decrease is slower compared to the start of the year. CAMPI said vehicle sales declined by 7.3 percent to 24,304
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