PH auto sales grow 6.1% in July
PH auto sales grow 6.1% in July
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00:00The Philippine automotive industry saw a 6.1% increase in sales in July this year with 39,331 units sold, compared to 37,096 units in the same month of 2023.
00:14The growth was driven by passenger cars, which saw a 14.9% increase to 1,923 units, while commercial vehicle sales rose 2.9% to 28,408 units.
00:28On a month-to-month basis, sales growth was slower at 0.6%.
00:34For the first seven months of the year, combined sales of the Chamber of Automotive Manufacturers of the Philippines and Truck Manufacturers Association grew by 10.9% to 265,610 units.
00:48Passenger cars accounted for 27% of total sales, while commercial vehicles made up 73% of the rest.