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Auto sales up 22% in July

Sales of automotive vehicles for the month of July this year increased by 22 percent to 29,967 units from 24,569 unit sales in July 2015, data from the Chamber of Automotive Manufacturers of the Philippines, Inc and Truck Manufacturers Association  showed.

Both passenger car and commercial vehicle segments had positive growth in the previous month at 9.9 percent and 30.6 percent, respectively.

Total sales of passenger cars for July 2016 reached 11,230 units from 10,221 units in July 2015.

Commercial vehicle sales for the same period went up to 18,737 units from 14,348 units a year ago.

Most sub-segments of commercial vehicles grew by double digit except for trucks and buses category IV which only increased by 3.1 percent with sales of 230 units.

Big chunk of the segment’s sales last month were from light commercial vehicle with unit sales of 11,982 units, an increment of 36.2 percent from 8,798 units in July 2015.
   
Asian utility vehicle sales rose to 5,767 units in July 2016, up by 22.5 percent from 4,709 units last year.
   
Sales of light trucks expanded by 19.6 percent to 587 units while trucks and buses category V also increased by 34.6 percent to 171 units.
   
“With appealing financial plans and continuous marketing efforts, we were able to outshine our record in July 2015. A chunk of last month’s sales records was due to arrival of the past month’s demands. We expect to keep up with the market for the second half of 2016,” said CAMPI President Atty. Rommel Gutierrez.
   
Meanwhile, total sales of CAMPI and TMA in January to July 2016 period grew by 26.5 percent to 197,448 units from 156,034 units in the same period last year.
   
Market leaders for the said period were Toyota with market share of 44 percent and sales reaching to 86,150 units; Mitsubishi with 35,542 unit sales, sharing 18 percent of the market; Ford with 19,517 unit sales, sharing 10 percent of the market; Isuzu with 15,335 units, 8.0 percent market share; and Honda with 12,863 units, 7.0 percent market share.