Automotive vehicle sales from January to April this year increased by 2.5 percent to 150,654 units from 146,920 units in the same period in 2024, the joint report of Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) reported Monday.
The slowdown in growth was attributed to the double-digit decline in sales of passenger cars, which dropped by 19.5 percent to 30,830 units in the first four months of the year from 38,280 in January to April last year.
The decline in passenger car sales was offset by commercial vehicle segment, with 119,824 units sold in January to April 2025 period from 108,667 units in the previous year.
The industry’s four-month performance was dragged by April 2025 sales, which declined by 10 percent to 33,580 units from 37,314 in the same month in 2024.
Both passenger car and commercial vehicle segments declined by 35.5 percent and 0.7 percent, respectively.
“While the overall market trajectory remains positive, the recent slowdown may be attributed to seasonal factors, economic conditions, or evolving consumer demands. Industry leaders continue to monitor market trends and expect further developments in the months ahead,” CAMPI said in a statement. (PNA)
