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Auto sales in Philippines up despite supply disruptions
Publication Date : 12-08-2014
Vehicle sales in the Philippines rose by 32 per cent year-on-year in July to reach another record monthly volume of 20,730 units.
According to a joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and the Truck Manufacturers Association (TMA), last month’s surge in sales was mainly driven by the passenger car segment.
“We are grateful for the market’s continued patronage of the automotive industry despite the recent onslaught of Typhoon ‘Glenda’ [which caused] interruptions in production and transport of supply,” Campi president Rommel Gutierrez said in a statement.
"While we were expecting lower results due to [that] typhoon, we still breached the high sales of last [June],” Gutierrez added.
Another contributing factor, according to Campi and TMA, is their aggressive product launches and extensive marketing support to meet the customer demand.
As for August, Gutierrez said the two groups expect “lower to stable sales attributed to lower seasonality for the month.”
In July, both the passenger car and commercial vehicle segments revved up by double digits at 65 per cent and 17 per cent, respectively.
The subcategories of Asian utility vehicles grew by 10 per cent, light commercial vehicles by 21 per cent, and trucks and buses by 24 per cent. However, the subcategory of light trucks posted a 1.5-per cent drop.
Overall , Campi and TMA sold 8,339 cars and 12,391 utility vehicles and trucks last month.
In the seven months to July, both groups racked up a combined volume of 129,687 units – 26 per cent higher than the level in the same period of 2013.
Sales of passenger cars ballooned by 48 per cent to 48,948 units while those of commercial vehicles expanded by 16 per cent to 80,739 units.
As of July, Toyota Motors Philippines led the local market with a 45.2-per cent share. It sold 58,635 units, increasing by 43 per cent in volume.
Mitsubishi Motors Philippines Corp. placed second with 22.2 per cent of the market, selling 28,842 units or an increase of 16 per cent.
Ford Motor Philippines came third with 8 per cent of the market as sales reached 10,587 units or 40.50 per cent higher.