MANILA, Philippines – Vehicle sales in the Philippines surged to a new monthly record in July, the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) said on Monday.
A total of 20,730 units were sold in July this year, or an increase of 32 percent compared to units sold in the same month last year.
An additional 1,108 units were sold in July compared to June's sales of 19,622 units.
CAMPI and TMA attributed the continued sales growth to the high demand for passenger cars as well as aggressive product launches and extensive marketing support to meet the customer demand.
"We are grateful for the market's continued patronage of the automotive industry despite the recent onslaught of Typhoon Glenda last July causing interruptions in production and transport of supply. While we were expecting lower results due to the mentioned typhoon, we have still breached the high sales of last month, even higher year-on-year. As for the month of August, we are expecting to have lower to stable sales attributed to lower seasonality for the month," said CAMPI president Atty. Rommel Gutierrez.
Sales in passenger car (PC) and commercial vehicle (CV) categories increased by 64.6 percent and 16.6 percent, respectively, compared to figures posted in July 2013.
Year-to-date sales reached 129,687 units or a growth of 26 percent.
Toyota Motor Philippines Corporation remains the market leader with a 45.2 percent share, an increase of 42.9 percent year-on-year.
Mitsubishi Motor Philippines Corporation holds the second spot with a 22.2 percent share while Ford Motor Philippines is in the third spot with an 8.2 percent share.
Isuzu Philippines Corporation and Honda Cars Philippines are in fourth and fifth place with a 5.7 and a 5.5 percent market share, respectively.