The auto industry yesterday reported a 15 percent
increase in sales in the first 4 months of the year reaching 40,000,
with April sales at more than 11,000 units.
Data from the Chamber of Automotive Manufacturers of
the Philippines (CAMPI) showed commercial vehicle (CV) sales remained to
be strong and has dominated the local market posting 66 percent of total
sales nationwide.
From January to April, CV registered a robust 16.2
percent growth with a strong month on month sales of 7.4 percent
increase in April sales as compared to March.
"The country’s auto industry thus far, is bucking the
general trend seen in other countries such as the United States, where
rising fuel prices in that country coupled with a softening economy
resulted in a downward trend in US CV sales," said CAMPI president
Elizabeth Lee. Sales for April rose 4.3 percent, a respectable growth
despite the rise in fuel prices.
Year to date, Toyota Motors Philippines Corp. sold
14,160, with market share of 35.4 percent, followed by Mitsubishi Motors
Phil. Corp., with 5,345 sales and 13.4 percent market share. Ranking 3
place with sales of 3,434 and 3,325 respectively.
The group said auto players continue to support sales
with dealer incentives promos to the benefit of buyers.
Fleet accounts also factored in the sales for the
month of April.
"The industry outlook continues to be positive for
the year," it said.
Month- on -month CV sales posted a 7.4 percent increase, attributed
to the shift of consumer’s preference to diesel-fed models.
