Vehicle sales in the Philippines were virtually unchanged at 11,597 units in July compared with the 11,636 units sold a year earlier, according to data released by the Chamber of Automotive Manufacturers of the Philippines Inc (Campi). Month-on-month, volumes were up by 6.3% from 10,908 units in June.
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Elizabeth Lee, Campi president, is optimistic that the market can continue to improve and that the association’s forecast of 125,000 sales for this year is realistic – just ahead of last year’s levels.
In the first seven months of the year a total of 71,506 vehicles were sold in the country, 2.4% lower than the 73,290 units sold a year earlier. Sales volumes have been supported by aggressive marketing campaigns by the main vehicle manufacturers – particularly in promoting MPV sales.
Market leader Toyota reported 24,546 vehicle sales in the first seven months of this year, a 7.1% decline compared with last year. Mitsubishi reported a 31.3% increase in sales to 12,959 units, while Honda’s sales were up by 14.9% to 10,191 units.
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