Home » CAMPI eyes 17% hike in auto trade gross sales for 2022

CAMPI eyes 17% hike in auto trade gross sales for 2022

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MANILA – The Chamber of Automotive Producers of the Philippines, Inc. (CAMPI) targets the native automotive car trade to broaden by 17 % when it comes to quantity of gross sales this 12 months.


“Because the financial system reopens, the protection and well being of the general public is paramount to forestall one other wave of virus infections and trigger disruption anew to the restoration of the trade, which targets to promote 336,000 items this 12 months — a 17-percent enhance from the precise quantity final 12 months,” CAMPI president Rommel Gutierrez mentioned in an announcement Thursday.


Final 12 months, CAMPI alone registered a 20-percent gross sales enhance promoting 268,488 items in 2021.


However, the group of auto importers reported a rise of 14 % final 12 months with a complete of 58,916 unit gross sales.


In the meantime, CAMPI members’ car gross sales in February this 12 months nonetheless registered a decline. Nevertheless, the lower is slower in comparison with the beginning of the 12 months.


CAMPI mentioned car gross sales declined by 7.3 % to 24,304 items in February 2022 from 26,230 items final 12 months.


The lower slowed down from an 11.2-percent drop in year-on-year gross sales in January.


However, trade gross sales improved by 17 % in February in comparison with January 2022 gross sales of 20,765 items after a 25.4-percent month-on-month decline at the beginning of the 12 months.


Gutierrez attributed the restoration of the market to the declining coronavirus illness 2019 (Covid-19) instances in February following the surge in January as a result of Omicron variant.


“The February 2022 gross sales have regained a double-digit progress amid the improved shopper confidence because the nation has shifted to ‘low-risk’ for Covid-19 classification, in line with the federal government report –a welcome growth for the trade,” he added.


Month-on-month gross sales, the industrial car section jumped by 22.8 % to 18,390 items in February from 14,981 items in January.


Passenger automotive gross sales rose by 2.25 % to five,914 items from 5,784 items throughout the identical interval.


“The trade is anticipating to see a continued restoration this month because the financial system additional reopens, downgrading to the least restrictive Alert Degree 1 in main areas, together with the Nationwide Capital Area beginning this month,” Gutierrez added.


Two-month gross sales of the trade declined by 9.2 % to 45,069 items from 49,610 items in the identical interval final 12 months.


Each passenger automotive and industrial car segments’ gross sales dropped by 23 % and three %, respectively. (PNA)