The Philippine vehicle market continued its recovery in June with sales rising by 10.6% to 10,772 units compared with 9,736 units a year earlier, according to data released by The Chamber of Automotive Manufacturers of the Philippines (Campi).
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The growth trend is seen as weakening, however, with month-on-month sales dropping 1.2%, from 10,900 units in May.
In the first six months of 2008, sales rose 13.6% to 61,654 vehicles, compared with 54,257 units a year earlier.
Passenger car sales have under-performed during in this period, with sales rising 10.9% to 21,003 units despite the introduction of new models and a shift towards more fuel-efficient vehicles.
First half commercial vehicle sales rose by 15.1% year-on-year to 40,651 units, although month-on-month volumes fell by 4.2% as rising fuel prices began to take their toll. Sales of SUVs and light commercial vehicles dropped particularly sharply month-on-month.
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By GlobalDataThe recent typhoon is also said to have disrupted sales operations in the central provinces in June, with a significant number of purchases delayed – particularly of large trucks and buses.
In the six months, Toyota Motor sold 22,209 vehicles, followed by Mitsubishi with 8,365 units, and Honda with 7,759 units.
Tony Pugliese
