Car sales for the month of November registered a 21 percent increase at 14,620 units over last year’s 12,050 units.
Although, this registers a 3 percent slowdown compared to October sales, the Chamber of Automotive Manufacturers of the Philippines Inc (Campi) reports that demand for cars have been on a record high, and foresees December sales to bring the year-end numbers to an all-time peak. The full year target set by Campi is at 185,000-units.
The year to date sales amount to 141,282 units, which is 8 percent over 2011’s January to November sales of 130,812 units.
Campi attributes this growth in demand to the country’s strong economy and the “quick recovery of supply” from Japan which experienced an earthquake and from Thailand which saw major floods.
Of the total number of units sold, Toyota Motor Philippines Corp. took 41.7 percent, with Mitsubishi Motors Philippines Corp coming in second with 22.3 percent. Honda Cars Philippines Inc. placed third with a market share of 8.1 percent, Interaksyon.com reported.
