TOYOTA Motor Phils. (TMP) last week announced that its sales grew by more than a quarter on a year-on-year basis for the first four months of 2013.
In a statement, TMP said that it sold 23,395 vehicles from January to April this year, experiencing a 33-percent increase compared to the same period in 2012. The figures allowed TMP to bag 41.3 percent of the domestic auto market.
In April TMP sold 6,334 units, with passenger cars accounting for 1,990 units while commercial vehicles totaled to 4,344 units. TMP President Michonobu Sugata attributed the strong sales to the locally produced Toyota Vios and Innova.
The Vios comprised 1,476 units in the passenger car sector while the Innova made up 1,245 units in the commercial vehicle category.
“TMP experienced positive sales across the board, seeing continued strength, with our locally manufactured Vios leading the charge,” Sugata said. The top executive added that 2013 will be a record-breaking year for TMP.
“2013 is forecast to be a record-breaking year as reflected in the performance of the industry in the first four months of the year. We can expect this trend to continue as the Philippines shows growth in its economy and, specifically, the automotive industry,” he said.
TMP had earlier announced it is eyeing to sell 70,000 vehicles by yearend, which is a third of the 210,000-unit auto industry sales target.