THE local auto industry inched closer to its goal of at least ending the year with a flat growth after it registered a decent 6.8-percent increase in sales in August to 10,575 units from only 9,906 units in August 2008.
Elizabeth Lee, president of the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi), said the industry is now just 1.3 percent off its 2008 pace and needs to sell an average of 10,730 units per month for the remainder of the year to attain the projected flat growth for 2009.
The slight improvement in sales in August, Lee said, is expected to be stronger in the coming months with recent launches that give buyers a wider range of vehicles to choose from.
“We are thankful that sales improved, though slightly, in terms of year-to-date figures. The industry remains positive and is banking on continued and stronger OFW remittances that will spur consumption coupled with auto loans seen to grow as well in the coming months. So far, lower rates have helped auto sales,” she said.
The commercial-vehicle segment, although suffering a 1.6-percent decline year-to-date, continues to be the preference of Filipinos, with a market share of 64.6 percent.
Passenger-car sales, meanwhile, went down by close to 1 percent for the January to August period.
Toyota is still the market leader with a share of 34.2 percent even if its year-to-date sales went down by 6.6 percent with 28,076 total units sold.
Mitsubishi retained the second spot as it continues to enjoy robust sales for the year with a growth of 32.5 percent. It sold 14,763 units in the first eight months of the year.
Third is Honda with 11,559 units (up 17.7 percent), Hyundai, 6,782 units (down 5.8 percent); Isuzu, 5,512 units (down 21.4 percent); Ford plus Mazda, 4,792 units (down 7.1 percent); Universal Motors, 3,234 units (down 1.5 percent); Columbian Autocar, 2,246 units (down 24.1 percent); Suzuki, 1,629 units( up 13.4 percent); and Nissan Motor Philippines, 1,331 units (down 34.5 percent).
Elizabeth Lee, president of the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi), said the industry is now just 1.3 percent off its 2008 pace and needs to sell an average of 10,730 units per month for the remainder of the year to attain the projected flat growth for 2009.
“We are thankful that sales improved, though slightly, in terms of year-to-date figures. The industry remains positive and is banking on continued and stronger OFW remittances that will spur consumption coupled with auto loans seen to grow as well in the coming months. So far, lower rates have helped auto sales,” she said.
The commercial-vehicle segment, although suffering a 1.6-percent decline year-to-date, continues to be the preference of Filipinos, with a market share of 64.6 percent.
Passenger-car sales, meanwhile, went down by close to 1 percent for the January to August period.
Toyota is still the market leader with a share of 34.2 percent even if its year-to-date sales went down by 6.6 percent with 28,076 total units sold.
Mitsubishi retained the second spot as it continues to enjoy robust sales for the year with a growth of 32.5 percent. It sold 14,763 units in the first eight months of the year.
Third is Honda with 11,559 units (up 17.7 percent), Hyundai, 6,782 units (down 5.8 percent); Isuzu, 5,512 units (down 21.4 percent); Ford plus Mazda, 4,792 units (down 7.1 percent); Universal Motors, 3,234 units (down 1.5 percent); Columbian Autocar, 2,246 units (down 24.1 percent); Suzuki, 1,629 units( up 13.4 percent); and Nissan Motor Philippines, 1,331 units (down 34.5 percent).
No comments:
Post a Comment