Wednesday, 9 December 2009

Auto sales rise 3.7% in first 11 months

By BERNIE CAHILES-MAGKILAT
Manila Bulletin
http://www.mb.com.ph/articles/233071/auto-sales-rise-37-first-11-months

Despite a slight decrease in November sales this year versus the previous month, auto sales in the first 11 months this year posted a 3.7 percent increase as overall sales reached 118,848 units versus the 114,564 units sold in the January-November period last year.

A report by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) said they are now closing in on its 2.3 percent revised growth forecast this year from a flat growth rate.
The industry is targeting a total of 125,000 units this year.

“It certainly looks like the auto industry will hit, if not exceed its target this year,” said CAMPI president Elizabeth H. Lee.

Of the total 118,848 units sold in the January-November period this year, total passenger car reached 41,737 units, a modest 1 percent growth versus 41,334 units in the same period last year.

Sales from commercial vehicles managed to improve by 5.3 percent to 77,111 units from 83,230 units in the January-November period last year.

Among the major vehicle categories for the January-November period, only the Asian Utility Vehicle segment was in the negative at 7.1 percent with overall sales at 26,942 units from 28,994 units last year.

But on monthly period, all categories were in the negative except for the passenger car and AUV segments.

Toyota Motor Philippines Corp. continued to lead the pack but it posted a negative growth of 1.7 percent growth with 41,293 unit sales only as against 41,997 units sold in the same 11 months last year for a shrinking market share of 34.7 percent versus 36.7 percent last year.

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