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

Loading...

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • China says Philippines violating South China Sea code

    China has accused the Philippines of violating a 13-year-old informal code of conduct in the South China Sea with its building work on disputed islets, firing back again after repeated criticism of China's own construction work. China and the 10-member Association of South East Asian Nations (ASEAN) signed an agreement in 2002 to refrain from occupying uninhabited reefs and shoals in the sea, and from building new structures that would complicate disputes. In a statement just before midnight …

  • Mineski’s 2015 SEA grand finals to be held in Malaysia

    Twelve teams from seven countries will be participating in this year’s Mineski Pro-Gaming League South-East Asian Grand Finals (MPGL7 SEA Grand Finals), set to take place from May 9-10. For the first time, the finals will be held outside of the Philippines, instead taking place in Selangor, Malaysia as part of the 2015 Selangor Cyber Games. “The decision to move the grand finals from PH to Malaysia came into mind last year, right after the Season 6 grand finals,” said Marlon Marcelo, …

  • SE Asia Stocks-Mostly up; Philippines, Vietnam outperform on financials

    May 5 (Reuters) - Southeast Asian stock markets mostly ended firmer on Tuesday, bucking the regional trend on slowing growth in China, while Philippine and Vietnam shares outperformed the region, led by ... …

  • Pacquiao-Mayweather fight temporarily knocked out air pollution in NCR

    Manny Pacquiao’s fight against Floyd Mayweather, Jr. not only brought crime rates down, it also inadvertently led to lower levels of air pollution in the metro. It’s always been a running joke how cities in the Philippines grind to a halt whenever Pacquiao has a match. At no time was this more true than this year’s Pacquiao vs. Mayweather fight. Major throughfares like EDSA had been almost completely deserted, enough to cause a measurably significant drop in air pollution. …

  • Strong growth seen in Pinoy S&T workforce

    The number of science and technology (S&T) workers in the Philippines has doubled over the past two decades, according to a recent study by the Science Education Institute of the Department of Science and Technology (DOST-SEI). The study, named “Human Resources in Science and Technology in the Philippines” (HRST), reported that the number of S&T workers in the country grew by 99.17% from 1990 to 2010, growing from 362,000 in 1990 to 593,000 in 2000, up to 721,000 in 2010. The census data used …

  • SE Asia Stocks-Mostly up, Philippines rises on financials

    May 5 (Reuters) - Most Southeast Asian stock markets rose on Tuesday, bucking the regional trend on slowing growth in China, while Philippine shares hit a more than one-week high, led by financials. The ... …

  • NCCA plans to conduct mapping of Pag-Asa Island
    NCCA plans to conduct mapping of Pag-Asa Island

    The National Commission for Culture and the Arts (NCCA) plans to send researchers to conduct a cultural mapping of Pag-Asa Island, which is part of Philippine-held territories in the disputed Spratlys in the West Philippine Sea. Harold Rentoria, NCCA committee on cultural heritage commissioner, admitted that since two years ago they have been thinking of going to Pag-Asa Island for their cultural mapping project. Cultural mapping is part of the NCCA program Taoid – the Ilocano word for …

  • No CNN interview for senators in ‘pork’ scam
    No CNN interview for senators in ‘pork’ scam

    Cable News Network (CNN) Philippines has been denied a chance to interview detained Senators Juan Ponce Enrile, Bong Revilla, and Jinggoy Estrada, a Sandiganbayan justice said yesterday. Sandiganbayan Presiding Justice Amparo Cabotaje-Tang told The STAR CNN’s request for an interview with the lawmakers, who are being held without bail at Camp Crame, will not be allowed as such may violate a rule preventing parties to an ongoing trial from discussing the merits of the case. CNN Philippines had …

POLL

Should Aquino be held accountable over the Mamasapano operations?

Loading...
Poll Choice Options