Automobile sales recover in June, first semester



BW FILE PHOTO

CAR SALES recovered to post year-on-year increases both in June and last semester, according to data jointly released to media on Thursday by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA).

The joint CAMPI-TMA sales report showed total industry sales increased by 8.7% to 31,950 vehicles last month from 29,395 a year ago, taking the six-month total to 174,135 units, about 1.46% more than the 171,635 vehicles sold in 2018’s first half.

In a separate press release accompanying the report, the groups said the industry “continues to show signs of recovery and stability,” especially as preliminary data in 2018 — when consumers reeled from an increase in auto excise tax rates in January and successive multi-year-high overall inflation —…



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