CAR FIRMS remain on track to posting a fresh sales record this year despite a month-on-month decline in the number of vehicles leaving showrooms, an industry group yesterday said.
The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), in a statement, reported a 16.6% drop in November vehicle sales across categories from a month earlier.
“It would seem that the normal seasonality curve is not followed for this year 2010 given the unique circumstances surrounding the year with election spending and replacement of vehicles [late last year] due to the typhoon Ondoy,” it said.
Year to date sales, however, remained up an annual 28.9% with a total of 153,163 vehicles sold.
“We continue to be confident that this year 2010 will finally exceed the highest sales ever attained by the industry in 1996 of over 162,000,” the statement quoted CAMPI President Elizabeth H. Lee as saying.
“This year is an interesting year for auto players” given factors such as successful elections, improved business and consumer confidence, aggressive financing packages and strong dollar remittances, she added.
November sales totalled 11,945, down from October’s 14,317 units.
Passenger car sales fell by 22.8% with 3,922 units from 5,081 units a month earlier. Commercial car sales also declined, by 13.1% to 8,023 from 9,236 in October.
Asian utility vehicle (AUV) sales fell by 7.5% to 2,913 from 3,149 while light commercial vehicles saw a larger 17.1% drop to 4,795 units sold last month from 5,782 in October.
CAMPI did not release individual car company data, only noting that the latest sales tally came from reports received as of Dec. 8.
It was not known if this had any relation to reports that Hyundai Asia Resources, Inc. (HARI) would be bolting the industry group.
HARI, in a separate statement, acknowledged that it failed to submit its November sales report but denied that it was leaving CAMPI.
It said November sales of 1,578 units were up 32% from a year earlier. –Businessworld
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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