Philippine car sales up 39.3 percent in February

Is Toyota Philippines still number one? Read up and be informed
by Anna Barbara L. Lorenzo | Mar 8, 2010

Philippine car sales surged more than 30 percent in February on the back of strong demand for sport-utility vehicles, pickup trucks and vans, the Chamber of Automotive Manufacturers in the Philippines, Inc. (CAMPI) said.

Carmakers sold a total of 12,573 units in February alone, 39.3 percent higher than the cars sold in February 2009. Total sales from January to February has reached 24,336, 36.6 percent more than the number of units sold in the same period last year.

"We are thankful and are hopeful that the strong sales will continue in the coming months. Strong car sales reflect a stronger economy with the bulk of the volume coming from commercial vehicles, particularly the AUVs (Asian utility vehicles) and LCVs (light commercial vehicles)--most of which have dual purpose utility that functions as both for family and business use," said CAMPI president Elizabeth H. Lee. CAMPI is an industry group which tracks the sales performance of 20 carmakers in the country.

Passenger car sales jumped 42.8 percent in February while commercial vehicle (CV) sales rose 37.4. percent.

"Confidence is geeting stronger with entrepreneurs' increased aggressiveness in expanding their business. Increased business activity comes with it the increase in vehicle sales," Lee said.

Toyota Motor Philippines continued to dominate the market despite all the negative publicity it got with a spate of recalls last month. Toyota Philippines sold 4,170 units--1,617 passenger cars and 2,553 CVs--in February, 36.4 percent higher than its sales in the same month last year.

Mitsubishi Motors Philippines remained in a far second with 2,205 units sold--188 passenger cars and 2,017 CV--with a 17.5 percent market share.

The third, fourth and fifth spots were held by Hyundai Asia Resources (1,533), Honda Cars Philippines (1,505 units sold) and Isuzu Philippines (684). Honda, however, still leads Hyundai in the year-to-date sales (January to February). The ranking below is based on January-February 2010 sales.

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Philippine Car Sales as of February 2010
YTD Ranking Car Company Feb-10 Feb-09 Percentage Change Market Share (Jan to Feb)
13 Asian Carmakers Corp. (BMW) 30 56 -46.4% 0.3%
12 CATS Motors (Mercedes-Benz) 51 Data unavailable Data unavailable 0.5%
7 Columbian Autocar Corp. (Kia) 458 245 86.9% 4.0%
19 Columbian Motors Corp. 0 15 -100.0% 0.0%
18 Dreamco 13 Data unavailable Data unavailable 0.1%
16 Focus Ventures Inc. 44 Data unavailable Data unavailable 0.3%
6 Ford Motor Company Phils. Inc. (+Mazda) 623 539 15.6% 4.7%
11 The Covenant Car Company (Chevrolet) 123 138 -10.9% 0.9%
3 Honda Cars Philippines Inc. 1,505 1,470 2.4% 11.6%
4 Hyundai Asia Resources, Inc. 1,533 632 142.6% 11.2%
5 Isuzu Philippines Corp. 684 667 2.5% 5.4%
19 MAN Automotive Concessionaires Corp. 0 0 0.0% 0.0%
2 Mitsubishi Motors Philippines Corp. 2,205 1,448 52.3% 19.0%
10 Nissan Motor Philippines Inc. 236 132 78.8% 1.8%
15 PGA Cars, Inc. (Porsche/Audi) 37 21 76.2% 0.3%
14 Pilipinas Hino Inc 43 14 207.1% 0.3%
17 Scandinavian Motors Corp. (Volvo) 32 20 60.0% 0.2%
9 Suzuki Phils., Inc. 311 161 93.2% 2.4%
1 Toyota Motors Philippines Corp. 4,170 3,057 36.4% 33.0%
8 Universal Motors Corp. 475 412 15.3% 3.9%

Total cars sold 12,573 9,027 39.3% 100.0%
Data source: Joint CAMPI and Truck Manufacturers Association sales report
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