MANILA – Car gross sales from January to February this yr declined by 7.three p.c from the identical interval in 2020, the joint report of the Chamber of Automotive Producers of the Philippines, Inc. (CAMPI) and the Truck Producers Affiliation (TMA) stated Thursday.
Mixed CAMPI and TMA gross sales for the primary two months of the yr reached 49,610 models from 53,513 models within the pre-pandemic interval.
A rise in passenger automotive gross sales was famous this yr, rising by three.eight p.c to 15,194 models, in comparison with January to February 2020 gross sales of 14,636 models.
However, the business car phase declined by 11.5 p.c to 34,416 models within the first two months of 2021 from 38,877 models in the identical interval final yr.
This phase accounted for 72.65 p.c of automotive car gross sales.
For February alone, gross sales additionally went down by 12 p.c year-on-year from 29,790 models to 26,230 models.
Month-on-month numbers, nevertheless, confirmed a rise of 12.2 p.c from 23,380 automobiles bought in January this yr.
Passenger automotive gross sales slowed down by 2.four p.c to 7,899 models in February 2021 from eight,093 models in February 2020.
Business car gross sales recorded a bigger decrement of 15.5 p.c promoting 18,331 models final month from 21,697 models bought in the identical month final yr.
CAMPI president Rommel Gutierrez stated the trade is worried with the affect of the imposition of safeguard measures on imported automobiles on the trade’s restoration.
“CAMPI expresses issues on the imposition of safeguard measures. Whereas the trade sees early indicators of restoration, the provisional import duties, extra so if it turns into definitive, will derail any restoration efforts of the automotive trade,” he stated in a press release.
A 200-day safeguard responsibility was slapped on imported passenger vehicles and business automobiles beginning January 20.
The imposed provisional safeguard duties amounted to PHP70,000 per imported passenger automotive and PHP110,000 per gentle business car.
Commerce Secretary Ramon Lopez earlier stated the choice of imposing the provisional safeguard measures on imported automobiles goals to cease additional damage to the native automotive trade as a result of inflow of imported vehicles within the home market. (PNA)