Total sales of the auto industry from January to November 2010 registered an overall growth of 28.9 percent thus far to 153,163 units compared with 118,848 units for the same period of last year.
“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 units,“ said Elizabeth Lee, president of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI).
â€This year is an interesting year for auto players given the successful and relatively peaceful elections which contributed a relatively high volume in the first half of the year, high consumer and business confidence, aggressive financing packages, making it easy for consumers to purchase their vehicles, and continued strong remittances that fuels consumption,†she added.
Sales of passenger cars increased by 28 percent year to date with 53,407 units thus far, against 41,737 units in 2009. Likewise, commercial vehicles increased by 29.4 percent with 99,756 units compared with 77,111 units sold in 2009.
Total industry sales for the singular month of November, however, declined by 16.6 percent or 11,945 units vs October sales of 14,317. Passenger cars for the month of November also dropped by 22.8 percent to 3,922 units from 5,081 units in October.
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Topic: Car Sale in the Philippines Up (Read 649 times)