Car sales in Jan-Oct up 7%: Campi

Rappler.com

This is AI generated summarization, which may have errors. For context, always refer to the full article.

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

NO REST. This model takes a break during a car show, but consumers are buying more. Photo by AFP

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

Add a comment

Sort by

There are no comments yet. Add your comment to start the conversation.

Summarize this article with AI

How does this make you feel?

Loading
Download the Rappler App!