Philippine car sales dip in October

Industry blames supply issues
Nov 19, 2011

Car sales improved in October but the industry continues to bear the brunt of the supply problem caused by natural calamities that have hit Japan and Thailand--both sources of vehicles sold in the Philippines.

Data from the Association of Vehicle Importers and Distributors (AVID), the Chamber of Automotive Manufacturers in the Philippines (CAMPI) and the Truck Manufacturers Association showed that January to October sales were down almost two percent versus sales in the same months last year.

"With the supply situation in Japan moving toward normalization, the automotive industry is bracing itself for the possible impact of another natural disaster being experienced in Thailand," CAMPI said in a statement.

CAMPI said it is closely monitoring the situation in Thailand, and it is hopeful that production and supply will also stabilize soon.

AVID, on the other hand, is more optimistic as it also expects supply conditions to improve. AVID members--British United Automobiles, CATS Motors, Hyundai Asia Resources (HARI), PGA Cars, Scandinavian Motors and The Covenant Car Co.--mostly get vehicles from Korea and Europe.

"Strong sales recovery in October bodes well for positive performance of AVID for the remainder of the year with the boost arising from expectations of improved supply condition and favorable consumer outlook on better cashflow prospects triggered by holiday bonuses and overseas remittances," said AVID president Maria Fe Perez-Agudo, who is also the chief executive of HARI.

 

Philippine car sales - October 2011
YTD Ranking Car company January to October 2011 January to October 2010 October 2011 October 2010
1 Toyota Motor Philippines Corporation 45,316 46,633 5,895 5,352
2 Mitsubishi Motors Philippines Corporation 27,240 26,504 3,159 2,506
3 Hyundai Asia Resources Inc. 16,705 17,118 1,822 1,822
4 Honda Cars Philippines Inc. 10,991 14,208 871 1,140
5 Ford Motor Company Philippines Inc. (+Mazda) 10,543 7,953 1,141 776
6 Isuzu Philippines Corporation 7,968 8,725 832 922
7 Universal Motors Corporation 4,754 5,261 438 502
8 Columbian Autocar Corporation 4,203 4,961 420 538
9 Suzuki Philippines Inc.  3,329 3,146 309 328
10 Nissan Motor Philippines Inc.  2,234 2,095 162 170
11 The Covenant Car Company Inc. 2,154 1,649 308 224
12 CATS Motors 796 779 68 72
13 Asian Carmakers Corporation 631 574 70 55
14 Pilipinas Hino Inc.  436 587 33 92
15 PGA Cars Inc. 390 408 33 43
16 Scandinavian Motors Corporation 194 234 18 22
17 Dreamco 143 141 11 21
18 MAN Automotive Concessionaires Corporation 102 57 28 0
19 British United Automobiles Inc. 101 Data unavailable
5 Data unavailable
20 Columbian Motors Corporation 76 2 19 0
Data from the Association of Vehicle Importers and Distributors Inc., Chamber of Automotive Manufacturers in the Philippines Inc., and Truck Manufacturers Association
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