During the ninth Philippine International Motor Show, CAMPI president Rommel Gutierrez told reporters that total vehicle industry sales may increase by "easily 10 percent next year."
He said CAMPI's target of selling 468,300 units this year is doable, with vehicle sales usually picking up during the holiday season.
Asked if it will be possible to hit record vehicle sales of 500,000 units this year, he said "if not this year, next year, because we are almost there."
"There are still many product launches," he added.
Combined sales of CAMPI and the Truck Manufacturers Association climbed by 9.4 percent to 344,307 units in the January to September period this year from 314,843 units in the same period last year.
Gutierrez said locally assembled vehicles are expected to be lower than 100,000 units per year.
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