Philippine Car Sales in February Increases by 39%
Philippine car sales in February bucked seasonal trends as the industry sold 12,573 vehicles, 39 percent higher than what it sold in the same period last year, according to a joint report released Tuesday by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association of the Philippines (TMAP).
“We are thankful and are hopeful that the strong sales will continue in the coming months. The bulk of car sales came from commercial vehicles particularly the all utility vehicles (AUVs) and light commercial vehicles (LCVs),” CAMPI President Elizabeth Lee said in a statement.
“This trend is forecast to remain strong and will continue to support vehicle sales in the coming months,” she added.
Sales of commercial vehicles which include vans and pick-up trucks reached 8,069 units or 37.4 percent higher than what it sold in February 2009.
The passenger car (PC) segment also posted strong sales as dealers sold a total of 4,504 units in February. This is 42.8 percent higher than year-ago sales.
Toyota Motors Philippines Corp. led car manufacturers in terms of vehicle sales, selling 4,170 units during the period.
So far, the industry was able to sell a total of 24,336 units in January and February. This is 36.6 percent higher than the 17, 818 units sold by the industry in the same period last year.
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