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
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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