Vehicle sales could hit a new high this year, the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) said, on the back of the robust consumer demand.
Rommel Gutierrez, Campi president, said 2015 likely saw total industry sales of 320,000, counting the Campi tally of 288,609 units and vehicle importers’ sales.
The Campi figure, which includes sales of the Truck Manufacturers’ Association, was said to be a record, exceeding the industry group’s target of 272,000 and the 234,747 units sold in 2014.
“The total industry is 320,000 [for 2015]. It will be between 320,000 to 350,000 units for this year,” Gutierrez told reporters on Wednesday evening.
Still to report 2015 data is the Association of Vehicle Importers and Distributors. Gutierrez said sales of non-Campi members would easily add around 40,000 to the industry total.
“It really depends on the performance of the sector. We’re conservative this year,” he claimed.
Toyota Motor Philippines Corp. cornered the lion’s share last year, recording a market share of 43.32 percent or sales of 125, 027 units.
Following were Mitsubishi Motors Philippines Corp. (MMPC) with 18.74 percent (54,087 units), Ford Motor Co., 8.79 percent (27,372 units); Isuzu Philippines Corp. (IPC), 7.82 percent (22,581 units); and Honda Cars Philippines Inc. (HCPI), 6.69 percent (19,315 units).
Campi has eight regular members: BMW distributor Asian Carmakers Corp., Daewoo Bus distributor Columbian Manufacturing Corp., Kia distributor Columbian Autocar Corp., HCPI, IPC, MMPC, Nissan Philippines Inc. and TMPC.
Its associate members are BAIC (Universal Motors Corp.), Mazda (Berjaya Auto Philippines Inc.), Peugeot (Eurobrands Distributor Inc.), Suzuki Philippines Inc. and Volkswagen (Auto Central Enterprise Inc.).