Car and truck companies sold a total of 23,380 units last January, slightly fewer than the number of units they sold when operations first got disrupted by the Taal Volcano eruption in the same month last year.
This is according to data from Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and Truck Manufacturers Association (TMA) sent to reporters on Thursday. Despite the small decline, Campi said this was “a positive sign that the industry is slowly recovering” from the twin shocks brought about by the volcano eruption and the COVID-19 pandemic in 2020.
In January last year, Campi and TMA sold just 23,723 units. Sales dipped 12 percent as the eruption that mont…
Keep on reading: Weak sales continue to hound automotive industry