Automotive industry sales climb to 27.4% compared to previous yea

May 14, 2013 10:11 pm 

MANILA, May 14 –- Growth in sales is continuous for the automotive industry as it generated a 27.4 percent increase for the first four months of this year compared to last year.

This is based on the report of the Chamber of Automobile Manufacturers of the Philippines, Inc. (CAMPI), and the Truck Manufacturers Association (TMA) citing sales of 56,590 units from January to April 2013 from 44,428 units sold in the same period of 2012.

Among the automotive companies in the country, Toyota Motors Philippines Corp. marks as the top-seller recording a year-to-date sale of 23, 271 units for the first four months of this year compared to last year’s 17, 428 units, a 33.5% growth. With this figure, Toyota has 41.12% of the market share.

Second on the rank is Mitsubishi Motors Philippines Corp. having a year-to-date sales of 13,674 vehicles compared to 2012’s 11,121 units which is a 23% increase of their sales and has a market share of 24.16%.

Honda Cars Philippines Inc. is following on the third spot with 4,967 sales from January to April 2013 a 41.5% rise from 3,510 units sold last year. Honda shares a market of 8.78%

Isuzu Philippines Corp. and Ford Motor Company Phils. Inc., ranked fourth and fifth respectively having a market of 6.70% and 6.69%. Isuzu was seen growth of 3,793 units sold this year from last year’s 3,582 units while Ford has 3,786 units sold compared to last year’s 2,082.

Other major players in the automotive industry like Universal Motors Corp. had seen a big increase of sales of almost 60% from 1,263 to 2,014 this year.

Meanwhile, Columbian Autocar Corp. and Suzuki Phils., Inc. though ranked at seventh and eighth with market shares of 3.44% and 2.54% respectively, had experienced slowdown of sales which resulted to -19.1% and -16.4%, individually.

Still on the top ten are Nissan Motor Philippines Inc. (rank nine) and Pilipinas Hino Inc (rank 10) with 1.24% and 0.37%market shares, respectively.

Other market players are Asian Carmakers Corp. (BMW) with 0.32% market share; CATS Motors (Mercedes-Benz) with 0.25%; MAN Automotive Concessionaires Corp. with 0.20%; Dreamco with 0.11%; and Columbian Motors Corp. with 0.09%.

From the data of CAMPI and TMA, commercial vehicles, which includes trucks and buses, recorded a growth of 67% of the total sales. The CAMPI President Atty. Rommel Gutierrez explained that this is because of increase in demand of the construction sector which mostly done private projects.

The CAMPI president is also confident that the automotive industry will be performing better and will be expecting higher sales. He added that the industry may even exceed the volume target of 200,000 sales for the entire year.

”We don’t expect any slowing down in the performance of the sector which may even hit the 210,000 mark by the end of this year,” said Gutierrez.

In an interview, Gutierrez also explained that the increase in sales is due to country’s growing Growth Domestic Product (GDP) per capita.

He reiterated, “There’s a strong correlation between the growth of the economy and automotive sales. The recent upgrades in the Philippine investment ratings are expected to further boost the economy.” (PNA)

DSP/KMC

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