By Marianne V. Go
The Philippine Star 06/08/2005
Motor vehicle sales expanded by a double digit rate of 11 percent to reach 38,315 units in the first five months of the year from 34,585 units in the same period last year.
According to a joint statement of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA), the 11-percent increase in automotive sales for the first five months of this year was due to the introduction of new models, promotions and other marketing activities by the local assemblers.
Overall sales are seen to increase in June and July.
Passenger car sales for the first five months of the year totaled 14,280 units, posting a nine-percent growth compared to the 13,089 units sold from January to May last year.
The growth in passenger car sales was attributed to the introduction of new models, coupled with sustained financing promos offered by major car assemblers.
Commercial vehicle sales for the same period amounted to 24,035 units, growing by 15 percent compared to the 20,910 units sold for the comparable period last year.
According to the CAMPI and TMA, the growth in commercial vehicle sales is due to sustained new model sales from the pick up and compact segment.
AUV sales from January to May this year amounted to 11,250 units, for a growth of 24 percent, as compared to only 9,054 units sold in the first five months of 2004.
LCV sales for the five month period amounted to 11,949 units or a growth of four percent, as compared to the 11,534 units sold for the comparable period last year.
Sales of light trucks, on the other hand, registered a negative three-percent decline with only 656 units sold in the first five months of this year as compared to the 677 units sold in the first five months of 2004.
Truck and bus sales, likewise, fell by 22 percent with only 180 units sold in the first five months of this year compared to the 231 units sold in the first five months of 2004.
Toyota Motor Philippines Corp. still dominated the market with sales of 13,482 units from January to May this year, cornering 35.19 percent of the sales pie.
Mitsubishi Motors Philippines Corp. also retained its number two slot with sales of 5,848 units, while Honda Cars Philippines Inc. still failed to improve it sales and stayed at the number four spot with sales of 3955 units.
Isuzu Motors Philippines managed to hang on to the third slot with sales of 3,955 units.
At number five was Ford Motors Philippines with sales of 3,337 units sold followed by Nissan with sales of 1,835 units.
Hyundai Asia Resources, Inc. climbed up to number seven with sales of 1,598 units.
General Motors Automobiles Phils., Inc. got the number eight spot with sales of 1,196 units.
Columbian Autocar Corp., which distributes KIA vehicles, tumbled to ninth slot with sales of 1,172 units.
At number 10 was Universal Motors Corp., which sells the Nissan pick-ups, with sales of 1,053 units.
The 11th spot went to Asian Carmakers Corp., which sell the luxury BMW brand vehicles, with sales of 426 units followed by Pilipinas Hino Inc. with sales of 236 units.
Scandinavian Motors Corp., which sells the luxury Volvo brand, was at number 13 with sales of 166 units.
The Philippine Star 06/08/2005
Motor vehicle sales expanded by a double digit rate of 11 percent to reach 38,315 units in the first five months of the year from 34,585 units in the same period last year.
According to a joint statement of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA), the 11-percent increase in automotive sales for the first five months of this year was due to the introduction of new models, promotions and other marketing activities by the local assemblers.
Overall sales are seen to increase in June and July.
Passenger car sales for the first five months of the year totaled 14,280 units, posting a nine-percent growth compared to the 13,089 units sold from January to May last year.
The growth in passenger car sales was attributed to the introduction of new models, coupled with sustained financing promos offered by major car assemblers.
Commercial vehicle sales for the same period amounted to 24,035 units, growing by 15 percent compared to the 20,910 units sold for the comparable period last year.
According to the CAMPI and TMA, the growth in commercial vehicle sales is due to sustained new model sales from the pick up and compact segment.
AUV sales from January to May this year amounted to 11,250 units, for a growth of 24 percent, as compared to only 9,054 units sold in the first five months of 2004.
LCV sales for the five month period amounted to 11,949 units or a growth of four percent, as compared to the 11,534 units sold for the comparable period last year.
Sales of light trucks, on the other hand, registered a negative three-percent decline with only 656 units sold in the first five months of this year as compared to the 677 units sold in the first five months of 2004.
Truck and bus sales, likewise, fell by 22 percent with only 180 units sold in the first five months of this year compared to the 231 units sold in the first five months of 2004.
Toyota Motor Philippines Corp. still dominated the market with sales of 13,482 units from January to May this year, cornering 35.19 percent of the sales pie.
Mitsubishi Motors Philippines Corp. also retained its number two slot with sales of 5,848 units, while Honda Cars Philippines Inc. still failed to improve it sales and stayed at the number four spot with sales of 3955 units.
Isuzu Motors Philippines managed to hang on to the third slot with sales of 3,955 units.
At number five was Ford Motors Philippines with sales of 3,337 units sold followed by Nissan with sales of 1,835 units.
Hyundai Asia Resources, Inc. climbed up to number seven with sales of 1,598 units.
General Motors Automobiles Phils., Inc. got the number eight spot with sales of 1,196 units.
Columbian Autocar Corp., which distributes KIA vehicles, tumbled to ninth slot with sales of 1,172 units.
At number 10 was Universal Motors Corp., which sells the Nissan pick-ups, with sales of 1,053 units.
The 11th spot went to Asian Carmakers Corp., which sell the luxury BMW brand vehicles, with sales of 426 units followed by Pilipinas Hino Inc. with sales of 236 units.
Scandinavian Motors Corp., which sells the luxury Volvo brand, was at number 13 with sales of 166 units.
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