{"id":275603,"date":"2020-11-16T05:31:23","date_gmt":"2020-11-16T10:31:23","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=275603"},"modified":"2020-11-16T05:31:23","modified_gmt":"2020-11-16T10:31:23","slug":"automotive-industry-on-track-to-hit-240k-sales-this-year","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/11\/16\/automotive-industry-on-track-to-hit-240k-sales-this-year\/","title":{"rendered":"Automotive industry on track to hit 240K sales this year"},"content":{"rendered":"
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October sales grew by 2 percent to 25,203 units from 24,523 units sold in September. (Pexels photo)<\/figcaption><\/figure>\n
MANILA<\/strong>\u00a0\u2013\u00a0 The local automotive industry is optimistic about hitting its revised target sales of 240,000 units by the end of 2020.<\/div>\n
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This, as the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) recorded another month-on-month sales growth for October.<\/div>\n
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October sales grew by 2 percent to 25,203 units from 24,523 units sold in September.<\/div>\n
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CAMPI said this was also the highest sales the group achieved since the onset of the coronavirus disease 2019 (Covid-19) pandemic.<\/div>\n
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\u201cWe are on track to achieve our revised sales forecast of 240,000 units \u2014 the baseline for our medium-term recovery plan,\u201d CAMPI president Rommel Gutierrez said in a statement Monday.<\/div>\n
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Year-on-year, CAMPI sales declined by 27.3 percent from 34,397 units sold in October last year as both sales of passenger car and commercial vehicle segments dropped in the previous month.<\/div>\n
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Sales of passenger cars decreased by 10.9 percent to 8,988 units in October 2020 from 10,083 units in the same month last year.<\/div>\n
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A larger decline was seen in the commercial vehicle segment with a 34.1-percent contraction in sales for October 2020 at 16,035 units versus October 2019\u2019s sales of 24,314 units.<\/div>\n
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Sales from January to October 2020 reached 173,035 units.<\/div>\n
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However, 10-month sales this year was 42.7 percent lower than the 301,761 unit sales in the same period in 2019.<\/div>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0\u2013\u00a0 The local automotive industry is optimistic about hitting its revised target sales of 240,000 units by the end of …<\/p>\n","protected":false},"author":33,"featured_media":210217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-275603","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-kris-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/275603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=275603"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/275603\/revisions"}],"predecessor-version":[{"id":275606,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/275603\/revisions\/275606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/210217"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=275603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=275603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=275603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}