Industry fissure blamed for flat car sales forecast

Published by rudy Date posted on January 12, 2011

THE departure by four members of the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) would cause vehicle sales to stay flat this year, according to an industry source. “In my personal opinion, because of the reality that Campi and TMA won’t get reports from the four companies that are not anymore Campi members, this year’s sales figure will be flat compared with 2010,” Frank Nacua, Philippine Automotive Federation Inc. secretary general, said in an interview.

The monthly compilation of sales data is done by Campi and the Truck Manufacturers Association.

The sales report for 2010 released by the two industry groups excluded the December sales of the four car importers that left Campi, namely Hyundai Asia Resources Inc. (HARI), Focus Ventures Inc., Scandinavian Motors Corp. and The Covenant Car Co. Inc., Nacua said.

Only the end-November sales of the four companies representing five brands—Chana, Chevrolet, FAV, Hyundai and Volvo—were included in the Campi-TMA data, which showed that sales last year hit 168,490 units, up 27.2 percent from 2009 sales of 132,444 units and surpassing the record sales in 1996 of 162,095 units.

The four importers reportedly no longer submitted their December sales data to Campi.

If the end-December sales of the four car companies were gathered, the industry target of between 170,000 and 175,000 units could have been attained, said Nacua, who was formerly chairman of the TMA.

HARI’s sales in December of 1,476 units would lift the 2010 auto sales figure to 169,966 units. The local seller of Korean brand Hyundai accounted for about a tenth of last year’s vehicle sales.

The Campi-TMA report released monthly actually “does not totally reflect total industry sales,” as the sales of the importers of luxury vehicles such as Jaguar, Land Rover, Maserati and Subaru, among others, are not covered, Nacua said.

Campi has projected this year’s sales to grow between 4 percent and 5 percent to about 177,000 units.–BEN ARNOLD O. DE VERA, Manila Times

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

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

July


3 July – International Day of Cooperatives
3 Ju
ly – 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

Categories

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.