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Strong start

  • Written by People's Journal
  • Published in Motoring
  • Read: 8049

PH total car sales hit 20,730 units in July  

The Philippine car industry is well on the way of achieving its desired  target in total sales after a strong showing at the start of the second half of the year.
   
A report by the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) said companies belonging to the group sold a combined 20,730 units in July for a 32 percent increase from last year’s  15,689.
   
Last month’s performance brought the year-to-date sales to 129,687 units, a 26 percent growth from the 102,917 in 2013. If it sustains this growth, then the industry is well on its way of hitting its full-year target of 250,000 units.
   
Campi put its target number to 230,000, but increased it to P250,000 for the year because of the good sales made in the first semester. The new target is 18 percent higher than last year’s sales of 212,000 units.
   
In July, the passenger car segment led growth, increasing 65 percent to 8,339 units this year from 5,066 in 2013.
   
Commercial vehicle sales grew at a slower 17 percent to 12,391 units from 10,623 last year.
   
Campi ascribed last month’s sales to new product launches and aggressive marketing by member-companies.
   
Meanwhile, Toyota Motor Philippines Corp. (TMPC) stayed as No. 1 in sales at end-July with a 45.2 percent share of the local market.
     
Mitsubishi Motors Philippines Corp.  ranked second with a 22 percent share while Ford Philippines had  8.2 percent.
   
Isuzu Philippines Corp. cornered a 5.7 percent share of the domestic market, while Honda Cars Philippines Inc. snagged 5.5 percent.
   
“We are grateful for the market’s continued patronage of the automotive industry despite the recent onslaught of typhoon Glenda last July causing interruptions in production and transport of supply,” Campi president Rommel Gutierrez said.
   
“ While we were expecting lower results due to the mentioned typhoon, we have still breached the high sales of last month, even higher year-on-year,” he added.