THE Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) promises to take the fifth edition of the Philippine International Motor Show (PIMS) to a new level as the biannual event this year features the largest convention of carmakers and distributors in the country.
Scheduled from September 18 to 21 at the World Trade Center in Pasay City, the 5th PIMS celebrates the phenomenal growth of the domestic auto industry in recent years and its milestones across six decades.
“There is no better occasion to celebrate the automotive industry achievements than at the 5th Philippine International Motor Show,” said CAMPI President lawyer Rommel Gutierrez. “PIMS is set to give the industry another boost as we continue to strengthen our footprint in the Asean region.”
The organization reported that automotive sales in the country have registered double-digit growth rates in the last three years. From 11 percent in 2012, car sales climbed 16 percent in 2013. In June 2014, the industry achieved its highest monthly sales of more than 19,000 units, up from over 14,000 units sold in the same month last year. For the first six months of 2014, CAMPI members already sold more than 100,000 units, representing a 25-percent year-on-year growth.
CAMPI, citing data from the National Statistical Coordination Board, said the automotive industry’s rise has influenced the Philippine economy, with car sales and production accounting for 12 percent of the industrial sector output and 4 percent of the total GDP.
The group said the country’s auto industry has generated more than P120 billion in investments, which translated to almost 500,000 jobs for Filipino workers. The industry also contributed to the national budget through payment of duties and taxes amounting to P30 billion plus, and recorded total exports of about $3.4 billion in 2013. CAMPI said the contributions are expected to increase this year because of a higher 20-percent growth forecast, or projected sales of more than 250,000 vehicles. The forecast is up 9 percent over the original 230,000 units announced in January.
“We at CAMPI put great importance on furthering the country’s economy with the goal of making Philippines a prime automotive production hub in the Asean region. In fact, we are working hand in hand with the Asean Automotive Federation to ensure that we are always on a par with the standards of the region,” said CAMPI Chairman Jose Ch. Alvarez, who is also the present governor of Palawan.
This year’s PIMS, carrying the theme Progress in Motion, will serve as the launch pad for carmakers to introduce their latest vehicles and technologies, including concept engines and hybrid cars. Also scheduled is a display that traces the evolution of the country’s auto industry. It will showcase 12 iconic cars that represent six decades of vehicle trends in the country.
The 16 car brands participating in the 5th PIMS are BAIC, BMW, Daewoo, Honda, Isuzu, JMC, Kia, Lexus, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Peugeot, Suzuki, Toyota and Volkswagen.
For more information, call 632-9733 or log on to www.campiauto.org.