Philippine car sales to grow 10% in 2014

Philippine car sales in 2014 would go up by 10 percent on year to 231,000 units due to expectations of brisk demand for vehicles among local consumers, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) said Tuesday. CAMPI President Rommel Gutierrez said car sales could go even higher next year if the Philippine government will be able to immediately release a blueprint that will detail additional incentives that local auto assemblers could get. The auto industry road map should have been released this month, but the government to decided to fine-tune the blueprint prior to its release. The CAMPI expected the road map to be released in March 2014. For the year of 2013, CAMPI expected the local auto industry to hit its target of selling 210,000 units despite the series of calamities that struck central Philippines. In 2012, the CAMPI said car sales reached 182,779 units.