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.
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.