MANILA - Automotive sales in the country posted a 27.6 percent growth in January driven by robust sales across all segments.
The industry sold 23,808 units in January, up from the 18,662 units sold in the same month last year, a joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) said.
Last month's figures, however, is lower by 11 percent from the 26,679 units sold in December 2015.
Sales of passenger cars jumped nearly 20 percent to 8,632 units sold in January 2016 from 7,200 units in January 2015.
Commercial vehicles outsold passenger cars, selling 15,176 units, boosted by strong sales of heavy-duty trucks and buses because of ongoing construction and developments across Metro Manila.
"We estimated a lower to stable sales performance for January since
December has just ended. We will continue to offer products to meet
the increasing customer demand," said CAMPI president Rommel Gutierrez.
Toyota Motors Philippines Corp. remains the market leader with 39.2
percent market share for its sales of 9,341 units.
It is followed by Mitsubishi Motors Philippines Corp. with 20.4 percent; Ford Motor Company Philippines Inc. with 10.3 percent; and Isuzu Philippines Corp. with 8.3 percent.
Honda Cars Philippines Inc. is fifth in market share with 7.4 percent.