October sales rev up confidence of car, truck makers

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Truck and car manufacturers sold 33,150 units in October this year, the biggest in monthly sales achieved so far as the market moved to recover from a recent slump.

This was according to a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (Campi) and Truck Manufacturers Association (TMA) released Thursday.

“The current market demand for vehicles along with creative and aggressive sales promotion efforts give us a positive outlook as we aim to sustain the growth trend for the remaining months of the year,” said Campi president Rommel Gutierrez.

October sales went up by 8.1 percent from the same month last year, data showed. For the 10-month period, …

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The Philippine Daily Inquirer, popularly known as the Inquirer, is an English-language newspaper in the Philippines. Founded in 1985, it is often regarded as the Philippines' newspaper of record.

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