Increase in car sales noted

Vehicle sales increased to 25,149 units last month compared from the 17,843 units sold in April 2021, records from the Chambers of Automotive Manufacturers of the Philippines showed. 

Sales of passenger cars and commercial vehicles grew double digits as year-on-year growth rose by 12.4 percent to 6,259 units in April as against the 5,570 units in 2021. 

Commercial vehicle sales jumped by 53.9 percent to 18,890 units from 12,273 units in the same period. 

Industry sales from January to April this year also increased by 13.3 percent to 99,903 units from 88,155 units in the same period last year. Seventy-Gutierrez of Toyota Motor Philippines: “The April sales performance reflects the continued containment of the pandemic underpinned by the improved consumer demand for big-ticket items compared with last year. The government’s economic growth target of 7 to 9 percent this year, driven by the overall improvement in employment and domestic demand, will play a critical role in the economy and the industry’s recovery alike.”