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).
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
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.
The 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
