BASED on the combined figures released by the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and the Truck Manufacturers Association, car companies garnered total sales of 16,800 in October, which was the first time they breached the 16,000-unit sales mark.
The record-breaking figures showed an increase of more than 11 percent over the 15,081 units sold in October 2012 and almost 14-percent higher than the 14,764-unit total in September.
Campi President lawyer Rommel Gutierrez explained that the automotive market is “responding very well to the new model introductions, both in the passenger car and commercial vehicle segments.”
Auto sales for the first 10 months of the year have already reached 148,181 units, a 17-percent rise over the 126,663 units sold during the same period last year.
The January-to-October figure is also 5-percent higher than the total sales of 141,616 units in 2011 and already 95 percent of the total sales of the 156,649 units delivered last year.
Year-to-date figures have shown positive growth in both segments as passenger car sales have expanded by as much as 30 percent, from 38,087 units in 2012 to 49,487 units in the first 10 months of 2013. Sales of commercial vehicles have also increased by more than 11 percent—from 88,576 units to 98,694 units for the current year.
Gutierrez expressed optimism that Campi members will attain their 210,000-unit sold target as the peak buying season arrives.
The top three car manufacturers locally are still Toyota, with a 41.3-percent share, followed by Mitsubishi with 24 percent and Honda Cars with 8 percent. Ford, which has a 7.3-percent share, and Isuzu, which holds 6.6 percent of the market, are in fourth and fifth places.