The Philippine auto industry (as tallied by CAMPI) posted good sales performance in September 2010, with a very slight positive over September 2009: 14,447 vehicles were sold, for a 0.8% growth. If sales average at 11,700 units for the three remaining months, the previous sales record of 162,000 units, posted way back in 1996, will be surpassed. CAMPI is forecasting sales of 170,000 for the year, with a possibility of 175,000. CAMPI president Elizabeth Lee says that OFW remittances are the primary driver of car sales. Ms. Lee also credits the government’s stronger drive against prohibited used-car imports.
Commercial vehicles account for 65% of sales, with passenger cars taking up the remaining 35%. Toyota still leads with 32.5% market share in terms of number of units, followed by Mitsubishi (18.9%), Hyundai (12.3%), Honda (10.3%), and Isuzu (6.1%).
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