Wednesday, 9 June 2010

Car sales gain 36.6% in first 5 months

By BERNIE CAHILES-MAGKILAT
Manila Bulletin
http://www.mb.com.ph/articles/261109/car-sales-gain-366-first-5-months

Despite a slight decline in sales in May, total car sales grew 36.6 percent in the January-May period this year further firming up industry's robust recovery since the start of the year.

Data from the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) showed auto sales in the first five months this year reached 66,958 units or 36.6 more versus 49,001 units registered in the same period last year.

Sales in May dropped by 1.8 percent as sales hit 13,995 units versus April sales of 14,254 units.

“The slight decline in May sales over April sales of negative 1.8 percent fro the singular month of May hardly made a dent on the strong momentum of vehicles sales seen for the year 2010,” said CAMPI president Elizabeth H. Lee.

Of the total industry sales, the passenger car segment posted 29.8 percent to 22,746 units from 17,528 units.

The commercial vehicle segment contributed a bigger portion with 44,212 units sold or 40.5 percent higher than the 31,473 units in the same five months last year.

Among the commercial vehicle categories, light commercial vehicles, which are mostly sports utility vehicles, have the biggest improvement of 52.2 percent to 28,848 units from 18,951 units last year.

The Asian utility vehicle category also improved by 26.7 percent to 14,438 units from 11,396 units in the January-April period last year.

The two other commercial vehicle categories – light trucks and trucks and buses both posted negative growths.

Sales of light trucks in the first five months went down by 17.1 percent to 646 units from 779 units in the same period last year while trucks and buses declined by 19.8 percent to 279 units from 347 units in the same period last year.

Lee said the decline in sales in light trucks was due to low market demand delayed arrivals of units. The decrease in trucks and buses was attributed to unavailability of stocks.

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