Vehicle Sales Slow Down 10% in April

The automotive industry's monthly sales declined year-on-year in April, the first time in over three years, as consumers held back on purchases amid market uncertainties.

- By Louella Desiderio

A joint report released by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association yesterday showed that total sales reached 33,580 units in April, down by 10 percent from 37,314 units in the same month last year.

The last time monthly vehicle sales declined year-on-year was in February 2022, when sales dipped by 7.3 percent.

The number of units sold last month was also 16.7 percent lower than the 40,306 units sold in March.

Passenger cars sold in April fell by 35.5 percent to 6,498 units from 10,069 units in the same month last year. Commercial vehicles sold also dipped by 0.7 percent to 27,082 units from 27,272 units.

Sales of electrified vehicles reached 1,509 units in April.