MITSUBISHI Motors Philippines Corp. (MMPC) announced on Tuesday another record performance in October with total sales of 5,398 vehicles, up 10.9 percent from September this year up 21.9 percent from the same month last year.
MMPC said it was the third consecutive time that it set a new record for highest monthly sales.
For the first 10 months, MMPC sold 44,800 vehicles, a 7.6 percent growth compared to the same period last year.
Meanwhile, the Philippine automotive industry also posted record sales for the month of October. Combined reports from the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and the Truck Manufacturers Association (TMA) showed that the industry grew by 5.9 percent compared to September and a by 28.7 percent compared to the same month last year.
According to Campi and TMA, the local automotive industry sold 28,667 vehicles last month.
Of this figure, MMPC captured 19.1 percent market share, maintaining its strong No.2 position in the industry.
For the month of October, MMPC said it posted strong sales in passenger cars, light commercial vehicles (LCVs) and trucks. Its passenger car sales went up by 11.3 percent with total sales of 1,819 units, while year to date sales reached 14,821 units, up by 33.3 percent.
It attributed the increase to the continued strong sales of the Mirage hatchback and Mirage G4 sedans.
Meanwhile, sales of its LCVs grew 9.4 percent from September and were up 12 percent from last year, with 3,414 units sold in October. Sales of its Fuso trucks improved by 52.3 percent compared to the September level.
MMPC remains optimistic that the company will maintain its impressive performance for the remaining months of the year.
“Given our extensive and refreshed vehicle lineup coupled with our marketing efforts and flexible financing plans, which make owning a brand new vehicle a lot easier, MMPC is looking forward to another record breaking year,” MMPC first vice president for marketing Froilan Dytianquin said.