New vehicle sales in the Philippines increased by 5.8% to 22,518 units in the first two months of this year, compared with 21,282 units a year earlier, according to data released by the Chamber of Automotive Manufacturers of the Philippines Inc (CAMPI).
The data covers only association members and now excludes significant market suppliers such as Hyundai Motor, which left the association late last year.
Go deeper with GlobalData
The association’s data shows passenger car sales increasing by 8.6% year-on-year to 7,856 units in the latest two-month period, while sales of commercial vehicles increased by 4.3% to 14,662 units. Campi claims the data shows a continued positive trend after the market’s very strong performance in 2010, when sales jumped by 28.5% to a new record high of 170,216 units.
Toyota Motor reported a 4.9% sales increase to 8,438 units, followed by Mitsubishi Motors with 4,988 units (+8.1%), while Honda sales dropped sharply – by 16.4% to 2,360 units. Ford-Mazda sold a total of 2,008 units, 75.7% more than in the same period of last year.
