Philippine auto industry marks all-time high sales with 27.2% growth

The auto industry of the Philippines exceeded the highest sales in the history of the country with a striking 27.2% growth last year compared to the sales last 2009.

With 168,490 units sold in 2010, the auto industry surpassed the highest-ever sales of 162,000 in 1996, according to the recent report provided by the Chamber of Automotive Manufacturers of the Philippines (CAMPI).

Passenger cars grew by 27% for 2010 with a total sale of 58,691 units. On the other hand, commercial vehicles posted a growth of 27.4%.

Since 2010 can be considered as a landmark year for the Philippine auto industry, CAMPI expects the performance of sales for this year to be a positive one.

[via Auto Industriya]

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