The main reason for the 569% year-on-year growth covering January to June is because of the low base last year. The all new model was launched in August 2017 although balitang balita na yung new model from other markets as early late 2016. As is typical for a car's sales life cycle, people do not want to get the outgoing CR-V anymore during the early part of 2017 since may bagong modelo na parating na. This explains the unusually low base from which the current first half figures are being compared against.
In perspective, marami talagang humabol last year sa new CR-V because aside from being a fresh new model, buyers also wanted to avoid the higher tax. That is why Honda sold 3,430 units of the new CR-V from August to December of 2017 (ave. of 686 units/mo.) compared to only 1,775 from January to June of 2018 (ave. of 296 units/mo.). The dramatic slow down in sales in 2018 is painfully obvious.
Honda did not sell 312 CR-Vs in the first half of 2017, they should have sold 265 units to achieve a year-on-year growth of 570% [(1,775/265)-1] x 100.569% year on year growth means that if there were 1,775 CRVs sold from Jan-June 2018, then only 312 CRVs were sold from Jan-June 2017.
1,775 is 569% of 312, but this is not how growth is expressed. If HCPI indeed sold 312 CR-Vs in 1H17, then either HCPI or CG made a mistake in reporting the growth rate because it should be 469% and not 569%.




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