New vehicle sales in the Philippines fell by 2.2% to 138,092 units in the first 10 months of 2011, compared with year-earlier sales of 141,214 units, according to combined data compiled by two separate industry associations – the Chamber of Automotive Manufacturers of the Philippines Inc (CAMPI) and the Association of Vehicle Importers and Distributors (AVID).
Campi put the sluggish market performance down to tight supplies in the second and third quarters of the year following the devastating earthquake and tsunami in Japan in March.
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Further disruption is expected in the last two months of the year, this time as a result of the severe floods in Thailand – which is a key source of built-up vehicles and OE components.
Toyota led the market of the 10-month period with a 32.8% market share, followed by Mitsubishi Motors with 19.7% of the market and Hyundai Motor with 11.9%.
