Philippine car sales up 37.2% as of July

Industry rides on better economy
Aug 9, 2010

Car sales in the Philippines continued to rise with more Pinoys opting to buy new vehicles, particularly those which serve dual or even multiple purposes, as the economy improves.

A joint report from the Chamber of Automotive Manufacturers in the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association said a total of 98,119 vehicles were sold from January to July, 37.2 percent higher than the number of units sold in the same period last year. In July alone, 15,972 cars were sold, reflecting a 37.7 percent increase in car sales for the month. CAMPI data does not include sales of non-members like Motor Image Pilipinas (Subaru), and Chinese brands like Foton, Great Wall and Lifan.

"Auto sales growth is positively correlated to the growth of the economy," CAMPI president Elizabeth Lee said. "The continued robust vehicle sales reflect stronger consumer and business confidence, which in turn results in enterprise growth that benefits vehicle sales."

Sales were also boosted by the continued growth of disposable income from Filipinos working overseas, aggressive financial packages offered by banks, the availability of supply to meet the growing demands of the market, and the introduction of new models in the country.

Sale of passenger cars jumped 34.7 percent while commercial vehicle sales surged 38.6 percent with growth mainly on light commercial vehicles like sport-utility vehicles, pickup trucks and vans. CAMPI said this reflects the Filipino market's preference for dual-purpose vehicles as many families are also going into business.

Toyota continued to dominate the industry with a total of 31,745 units sold from January to July, up 29.3 percent from last year's sales in the same months. It is followed by Mitsubishi with 18,504 units (up 42.8 percent) and Hyundai with 11,836 units (up 104.5 percent).

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Philippine car sales as of July 2010
YTD Ranking Car company January to July 2010 January to July 2009 July 2010 Jully 2009
1 Toyota Motor Philippines Corp.  31,745 24,546 5,252 3,778
2 Mitsubishi Motors Philippines Corp. 18,504 12,959 2,851 2,305
3 Hyundai Asia Resources, Inc.  11,836 5,789 2,002 887
4 Honda Cars Philippines, Inc.  10,612 10,191 1,672 1,508
5 Isuzu Philippines Corp.  6,045 4,750 1,042 822
6 Ford Motor Co. Philippines, Inc. (+Mazda) 5,467 4,108 905 726
7 Universal Motors Corp.  3,754 2,808 562 450
8 Columbian Autocar Corp. 3,503 1,919 709 323
9 Suzuki Philippines, Inc.  2,175 1,401 300 272
10 Nissan Motor Philippines Corp.  1,513 1,116 217 203
11 The Covenant Car Company, Inc.  1,051 891 151 112
12 CATS Motors 519 Data unavailable 80 Data unavailable
13 Asian Carmakers Corp.  366 296 89 52
14 Pilipinas Hino, Inc. 301 161 40 44
15 PGA Cars, Inc. 274 171 46 27
16 Scandinavian Motors Corp.  172 155 22 23
17 Focus Ventures, Inc.  155 Data unavailable 13 Data unavailable
18 Dreamco 89 81 19 33
19 MAN Automotive Concessionaires Corp. 36 7 0 2
20 Columbian Motors Corp. 2 157 0 30
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