Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Car sales in the Philippines stood at 23,162 units in November, down by 7.4pc from 24,023 units in October and by 32.8pc from 34,465 units in the preceding year, according to media reports citing data released by the Chamber of Automotive Manufacturers of the Philippines Inc (CAMPI) and Truck Manufacturers Association (TMA).


Passenger car and commercial vehicle sales in November fell by 13.33pc and 4.1pc, respectively.


Typhoons hit the Luzon region in November which affected the car sales apart from the impact of the COVID-19 pandemic on the auto sector across the globe.


In the first eleven months of the year (Jan-Nov, 2020), the country’s total car sales plummeted by 41.6pc to 196,197 units from 336,226 units in the prior-year period.


In the Jan-Nov period, sales of passenger cars dropped by 39.1pc to 60,857 units as compared to 99,951 units in the prior-year period, while CV sales stood at 135,340 units, down by 42.7pc to 236,275 units from the same period in 2019.


The country’s auto industry aims to sell 240,000 units by the end of 2020.

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