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Saturday, July 12, 2008

 

Ford Phils optimistic despite drop in sales


Ford Motor Company Philippines is optimistic about meeting its sales targets this year, especially about moving its fuel-efficient cars, said its president, Rick Baker.

Ford Philippines can reach its sales goals, Baker said, adding the local automotive industry could withstand the problems it currently faces, such as the ongoing economic crunch and skyrocketing fuel prices worldwide.

The Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) reported on Tuesday that car sales in June declined by minus 1.2 percent month on month.

Ford Philippines’ sales that month declined by minus 15.8 percent month-on-month despite posting a 6.7-percent sales increase for the first six months year-on-year, according to the Campi report.

Baker attributed last month’s sales drop to the opening of classes, when most parents prioritized tuition payments over car purchases.

“But there would be no slowing down, and we are optimistic that the Philippine automotive industry would reach its sales forecast of 125,500 units this year,” he said.

The executive also noted a shift in the market, wherein more customers are opting to buy lower-displacement or fuel-efficient vehicles.

Baker said Ford’s line-up of fuel-efficient cars, sports-utility vehicles and trucks such as Focus, Escape and Ranger boast diesel engines, which sit well with the intent of buyers to save up on gasoline.

He predicted that diesel vehicles would move faster now than in the past as a result of continuing spikes in oil prices.

Baker also disclosed that the global response to Ford Focus, a sedan model manufactured here, has been very good this year. The company imports the vehicles it sells in the country, except for Focus, its only model assembled locally and distributed worldwide.

Ford Philippines, which also sells Mazda cars, ranks sixth in total vehicle sales for the first half of the year with 3,924 units sold so far and garnering 6.4 percent of the total market.
--Ben Arnold O. de Vera

  
 

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