By Catherine Pillas, Businessmirror, JANUARY 10, 2017
PHILIPPINES auto assemblers grew by 24.6 percent in 2016, outpacing its growth in 2015 and its modest target of a 10-percent growth for last year.
In a joint statement on Tuesday, the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and the Truck Manufacturers Association (TMA) announced sales rose by 24.6 percent for sales of 359,572 units in 2016.
“This exceeded the group’s target for the year of 329,300 units, and will certainly meet the 2016 combined target with other industry players of 370,000 units,” the group statement declared.
For the entire auto industry, including auto importers, Campi First Vice President Rommel Gutierrez earlier predicted sales to reach 370,000 to 380,000 units.
The passenger-car segment recorded 133,188 units sold during the year, an increase of 14.4 percent, from the 2015 total sales of 116,381 units, while commercial vehicles segment posted a total of 226,384 units, representing a 31.4-percent increase, from the 172,228 units sold in 2015.
Last year Campi-TMA garnered a growth of 22.9 percent, with members’ sales reaching 288,609 units, a marked improvement from the 234,747 units sold the previous year.
Together with auto importers, the total auto industry sales in 2015 was around 341,679 units.
Toyota Motor Philippines Corp. now captures 44.14-percent share of the market. Mitsubishi Motor Philippines Corp. has a 17.08-percent market share, while Ford Motor Co. registered 9.37-percent market share. Isuzu Philippines Corp. had 7.61 percent share, followed by Honda Cars Philippines Inc., with 6.45-percent market share.
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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