The Philippine auto industry has undoubtedly been largely affected by the Japan Earthquake last March 2011. Most car part importers have become very cautious in predicting future sales and have decided to lower them and optimize production thru a myriad of ways.
One of these manufacturers is Honda Car Philippines, Inc.
“Currently, we are on an indefinite ‘yellow flag’ status—meaning we are on an alert mode—because of the fluidity of the situation. We will conduct a monthly review [to assess the situation],” Voltaire Gonzales, head of Honda Cars Philippines sales department…
He also said the company might not be able to reach the 17,600 units predicted this year.
However, the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) has said it will remain with its forecast since sales will pick up come the latter part of the year. According to Elizabeth Lee, CAMPI President, they will stay the course:
“Despite the difficulties we face due to the lack of supply of some vehicles and parts, we are optimistic that we will be able to recover the lost sales given the full-year outlook.”
The Philippine auto industry will know by next financial year-end report as to who was right.
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According to Frank Nacua, secretary-general of the Philippine Automotive Federation Inc., the Philippine auto industry is expecting a flat sales growth this year.
“Flat growth will be expected this year for the local car industry,” Frank Nacua, secretary-general of the Philippine Automotive Federation Inc., told reporters in a chance interview. He said the industry’s growth target of 4 percent to 5 percent drawn up at the start of the year would not be possibly achieved and that a revision of goal was imminent.
This was somewhat mirrored by Elizabeth Lee, Chamber of Automotive Manufacturers of the Philippines Inc. president:
“Although the supply of vehicles to date is ample to meet the market demand at this time, common problems across brand makes are starting to affect the production of vehicles locally,” she said, adding that common issues include logistics and the disruption to the supply chain for some key parts.
It seems that it’s better to have lower expectations of sales rather than higher at this point of the year after how the Japan quake has affected the local auto industry.
Article via: Manila Standard Today | Image via: Open for Business
The Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) said that the Philippines car March sales figures were up by 8.2 percent compared to last year.
There were only 33,536 sold last March 2010, while there were 36,293 units sold March 2011. This is considered good news despite all that has happened to the PH auto industry.
“Currently, vehicles are available for sale. We are hopeful that the situation will improve soon enough even with limited operation levels to help stem any shortage,” group president Elizabeth Lee said.
Car manufacturers like Toyota was the top seller, with Mitsubishi following second, while Honda’s sales actually declined by 17.9 percent.
[Article via: Manila Standard Today ]
The auto industry of the Philippines exceeded the highest sales in the history of the country with a striking 27.2% growth last year compared to the sales last 2009.
With 168,490 units sold in 2010, the auto industry surpassed the highest-ever sales of 162,000 in 1996, according to the recent report provided by the Chamber of Automotive Manufacturers of the Philippines (CAMPI).
Passenger cars grew by 27% for 2010 with a total sale of 58,691 units. On the other hand, commercial vehicles posted a growth of 27.4%.
Since 2010 can be considered as a landmark year for the Philippine auto industry, CAMPI expects the performance of sales for this year to be a positive one.
[via Auto Industriya]