PH Auto Industry Starts Year with 10% Growth; Eyes 500K Sales in 2025
Manila: The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) reported Thursday that it started the year with a 10.4 percent increase in sales. A joint report by CAMPI and TMA showed the industry groups sold a total of 37,604 units last month, up from 34,060 units sold in January 2024. According to Philippines News Agency, this growth was largely driven by a 16.6-percent increase in sales of commercial vehicles, which made up 79 percent of total sales in January. The segment sold a total of 29,875 units in the previous month, surpassing the