Automotive manufacturers on Thursday announced that sales for the first half of this year remained posted the highest growth figure during the same period historically.
According to the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and the Truck Manufacturers Association, a total of 87,226 units were sold for a 20-percent increase compared to their 2012 sales of 72,871 units delivered. Both figures were for the first six months of the year.
The passenger car segment year-to-date sales posted a 28-percent rise over the January to June 2012 sales of 21,908 units.
Campi President Rommel Gutierrez said that passenger car sales “increased from 30 percent to more than 32 percent for the periods under comparison, indicating an improvement in individual buying capacity.”
He added that commercial vehicles—which comprised 68 percent of the sales—rose from 59,191 vehicles sold from last year’s 50,963 vehicles rolled out, reflecting a 16-percent spike.
Sales of trucks and buses which are within commercial vehicles segment increased 38 percent with 968 units sold compared to 2012 year-to-date sales of 702 units.
Meanwhile, light commercial vehicles sales increased by 25 percent from 29,530 units in 2012 to 36,991 units for the current year-to-date period.
However, June sales were relatively lower by 10 percent compared to the previous month, dipping to 14,239 units versus May’s 15,859 vehicles sold.
Gutierrez said that sales movements are expected, considering that June is mostly dedicated to spending for school opening.
“In addition, the announcement of introduction of full model change and entry of new models by the major players has slightly delayed the purchasing decision from the consumers,” he added.
Gutierrez added that following the positive economic growth on the first half and the eyed higher sales in the coming months, the industry is confident that it will reach and even exceed the initial 200,000 sales volume target for the entire year.
The top performers for the first half were Toyota Motors Philippines Corp. with 34,713 units taking almost 40 percent of the market share, followed by Mitsubishi Motors Philippines with 21,282 units, or 24 percent. Third is Honda Cars Philippines with 7,337 units, or 8.4-percent share, trailed by Ford Philippines with 6,261 units, or 7-percent market share, and fifth was Isuzu Philippines Corp. with 5,757 units, or 6.6-percent market share.
Ruben D. Manahan 4th