Manufacturers see higher car sales this year than in 2011

Car sales from January to November this year grew 8 percent compared to the same period last year, making manufacturers optimistic about surpassing their 2011 sales as they note the usual increase in spending during December. According to a report by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI), turnover from January to November has already hit 141,283 — 333 units short of last year's 141,616. “CAMPI is poised to set record sales for 2012 based on year-to-date totals for November,” group president Rommel Gutierrez said in a statement. He said the industry’s performance for the past 11 months has been strong “due to the quick recovery of supply experienced last year coming from the Great Eastern earthquake in Japan and flooding in Thailand." "In addition to this, the country’s revitalized economy has caused demand to be at an all-time high,” Gutierrez added. “I am confident that next month’s performance will propel industry sales further as we usually experience increased spending during the holiday season." CAMPI figures show sales for November alone grew 21 percent to 14,620 units from 12,050 a year ago. Toyota Motor Philippines cornered 41.7-percent market share, followed by Mitsubishi Motor Philippines with 22.3 percent, and Honda with 8.1 percent. Isuzu Philippines and Ford Group Philippines took the fourth and fifth spot with 7.6 percent and 5.7-percent share of the market, respectively. Gutierrez expressed optimism that the whole industry would achieve its earlier sales forecast of 185,000 units this year. Last year, total industry sales hit 165,194, of which CAMPI accounted for 141,616 and car importers contributed 23,578. Gutierrez said consistent with previous reports, "these figures strongly reflect the market’s demand based on actual customer deliveries reported by our Campi members.” He said the normalization of supply coming from the two major calamities last year was partially responsible for the strong industry performance. "However, pent-up demand, influx of new models and competitive financing schemes across the industry are driving demand. For 2012, a great percentage of vehicles sold are all-new or significantly updated models," Gutierrez said. — KBK, GMA News