MANILA, Philippines - The local automotive industry reported a decline in sales for the first eight months of the year due to the effects of the disasters in Japan that limited the production and supply of some models.
The Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) in a joint report showed a 4.1 percent decline in January to August sales from a year ago level. During the first eight months of 2011, total industry sales stood at 93,108 units, lower than the 97,122 units recorded a year ago.
Month-on-month, however, the August sales performance was slightly higher at 11,558 from 11,550 in July due to introduction of new model, continuous promotion and availability of units.
Toyota Motor Philippines Corp. sold 34,190 units or 36.72 percent of total market share.
This was followed by Mitsubishi Motors Philippines Corp. with sales of 21,182 units or 24.43 percent market share. Third was Honda Cars Philippines Inc. with 9.73 percent market share or 9,062 units followed by Ford Motor Company Phils. Inc. with 8.81 percent or 8,200 units and followed by Isuzu Philippines Corp. with 6.72 percent or 6,259 units.
Sales of passenger cars registered a 6.8 percent growth compared to last July’s figure but lower when compared from a year ago level.
Commercial vehicle sales decreased by 3.2 percent to 7, 532 in August from 7,782 units in July.