Car manufacturers on Wednesday announced a continued streak in their sales for the first eight months of the year.
Based on the combined figures of the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and the Truck Manufacturers Association, their January to August 2013 sales reached 116,617, a rise of 18.1 percent compared to the 98,725 units sold in the same period last year.
Passenger car sales, which account for 32.78 percent of the market, for the first eight months hit 38,223 units compared to the 29,745 units in 2012, reflecting a 28.5-percent rise.
Commercial vehicles, which hold the biggest chunk of the market with 67.22 percent, gained 13.6 percent from 68,980 units to 78,394 units sold.
The industry has posted a 21-percent increase on their August sales, delivering 13,700 units in the said month this year versus the 11,351 units same month in 2012.
However, on a month-on-month comparison, sales showed a 20-percent decline, from 15,686 units rolled out in July to 13,700 last month.
Campi President Rommel Gutierrez expressed confidence that they would meet the 210,000 units sales this year.
“The industry sales have grown an average of 21 percent during the first eight months on a monthly year-on-year comparison. This makes us confident about meeting our revised target of 210,000, which is only 15 percent higher than the total 2012 industry sales of 182,000 units,” he said.
“The market should expect some new model introduction as well as bigger promotion packages,” Gutierrez added.
The top three manufacturers for Campi are Toyota Motor Philippines with 40-percent share, followed by Mitsubishi Motors Philippines Corp. with 24 percent and Honda Cars Philippines at third with 8.3 percent.
Placing fourth and fifth are Ford Motor Philippines with 7.2 percent and Isuzu Philippines Corp. with 6.6 percent.