Car sales in Jan-Oct up 7%: Campi
MANILA, Philippines - Members of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) sold 126,663 units in the first 10 months of 2012, reflecting a 7% increase from a year-ago levels.
This reflects the "normalization of supply and aggressive promotions being launched by most of the automotive brands," as well as the "country’s strong economy and the increased purchasing power of the Filipino," CAMPI said in a statement on Monday, November 12.
Unit sales for the month of October alone reached 15,081, the highest monthly sales registered for the year. This reflects a 17% month-on-month growth from September's 12,857 units.
"This is a very clear sign that the industry continues to be strong and is on track," CAMPI President Rommel Gutierrez said in a statement.
Japanese car companies Toyota Motor Philippines (42% market share), Mitsubishi (22%), Honda (8%) and Isuzu (7%). American car maker Ford has a 5% share. - Rappler.com