Sign up | Log in



Home  >>  Daily News  >>  Philippines News  >>  Automotive  >>  Philippines: Car sales rise 34% in January

10 February 2010

Philippines: Car sales rise 34% in January

Related Stories

January 9, 2010
Philippines reports 6.4% growth in car sales in 2009

January 4, 2010
Mitsubishi sees sees no alternative fuel-fed vehicles for Philippines

October 11, 2009
Philippine car sales in 2009 expected to reach last year’s total

October 9, 2009
Philippines car sales may remain flat in 2009

September 18, 2009
Ford Philippines ships 577 units of Focus to Indonesian police

The Philippine auto industry started the year right with a whopping 33.8 percent jump in sales to 11,763 units against 8,791 units in January last year defying a traditionally slow month in January, reported the Manila Bulletin, quoting the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI).

"A high January sales volume augurs well for the year. It is a good start for stronger sales for 2010," said CAMPI president Elizabeth H. Lee.

Of the total January sales, the passenger car segment posted a 14.3 percent increase with sales reaching 3,856 units from 3,375 units in January 2009 while the commercial vehicle segment continued its dominance with a robust 46 percent growth after brisk sales of 7,907 units versus 5,416 units in January last year.

Commercial vehicle sales account for 67.2 percent of the total market and passenger car with 32.8 percent share.

"We are looking forward to a much stronger growth for this year 2010 with increased spending as a result of bullish OFW remittances projected as high as 8 percent or exceeding $18 billion; increased appetite for investment and business expansion; continued liquidity in the market; ease in taking out loans and availability of loans serving buyers needs; ....not to mention this being an election year as well," Lee said.

To a certain extent, Lee said, strong vehicle sales are reflective of a stronger economic environment. “With the robust growth of CV sales particularly AUV and LCV sales where most are used for both family and for business use, Filipinos are now showing more aggressiveness in either starting a business or expanding their current businesses," Lee said.

Sales of AUVs (Asian utility vehicles) increased by 53.5 percent as sales reached 2,606 units from 1,698 units in January last year


Comment on this Article. Send them to
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand