Tag Archives: auto industry sales

Honda still cautious, CAMPI is optimistic

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.

Brought to you by car hire Cyprus. Article via Manila Standard Today | Image StaraBlazkova at the Czech language Wikipedia [GFDL or CC-BY-SA-3.0], from Wikimedia Commons

Philippine auto industry marks all-time high sales with 27.2% growth

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]