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Car sales dip in August

"Ghost month" took its toll on the industry
Sep 8, 2009

Car sales dipped in August but auto industry players remain optimistic purchases will pick up in the coming months.

Data from the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) showed sales in the past eight months are 1.3 percent lower than the sales in the same period last year.

Despite a lackluster performance in August, the local auto industry continued to trim the decline in sales contraction from -3.7 percent in May--the widest gap compared with 2008 figures.

"We are thankful sales improved though slightly in terms of year to date figures. The industry remains positive and is banking on continued and stronger OFW remittances which will spur consumption coupled with auto loans seen to grow as well in the coming months," CAMPI president Elizabeth H. Lee said.

Month-on-month decline

With only 10,575 units sold in August, month-on-month sales were down 8.8 percent after the industry posted a 12-month high in sales volume in July.

Commercial vehicles continued to dominate the market with a 64 percent share, while the rest of the purchased vehicles last month were passenger cars.

Toyota Motor Philippines kept its reign on the top spot with 3,530 units sold in August. It was followed by Mitsubishi Motors Philippines with 1,804 units and Honda Cars Philippines with 1,368 units.

CAMPI said the industry has to sell an average of 10,730 units every month until the end of the year to reach its flat performance target for 2009.

A total of 124,449 units were sold in the Philippine automotive industry in 2008.

 

PHILIPPINE AUTO INDUSTRY PERFORMANCE as of AUGUST 2009
Ranking Car Company January to August 2009 January to August 2008 Percentage Change Current market share
12 Asian Carmakers Corp. 332 503 -34.0% 0.6%
8 Columbian Autocar Corp. 2,246 2961 -24.1% 3.6%
13 Columbian Motors Corp. 197 214 -7.9% 0.3%
17 Dreamco 85 36 136.1% 0.0%
6 Ford Motor Company Philippines (+Mazda) 4,792 5160 -7.1% 6.2%
11 General Motors Automobiles Philippines, Inc. 980 1739 -43.6% 2.1%
3 Honda Cars Philippines, Inc. 11,559 9817 17.7% 11.8%
4 Hyundai Asia Resources, Inc. 6,782 7197 -5.8% 8.7%
5 Isuzu Philippines Corp. 5,512 7015 -21.4% 8.4%
18 MAN Automotive Concessionaires Corp. 7 12 -41.7% 0.0%
2 Mitsubishi Motors Philippines Corp. 14,763 11144 32.5% 13.4%
10 Nissan Motor Philippines, Inc. 1,331 2032 -34.5% 2.4%
15 PGA Cars, Inc. 188 153 22.9% 0.2%
14 Pilipinas Hino, Inc. 191 250 -23.6% 0.3%
16 Scandinavian Motors Corp. (Volvo) 177 171 3.5% 0.2%
9 Suzuki Philippines, Inc. 1,629 1436 13.4% 1.7%
1 Toyota Motor Philippines Corp. 28,076 30073 -6.6% 36.1%
7 Universal Motors Corp. 3,234 3283 -1.5% 3.9%

 

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