Latest Stories

Q1 auto sales up by 29%

Upbeat market, low interest rates fuel demand


Vehicle sales rose by nearly 30 percent in the first quarter of 2013 as market optimism and low interest rates fuel demand for new cars and trucks, data released by the industry association showed.

In a joint statement, the Chamber of Auto Manufacturers in the Philippines Inc. (Campi) and the Truck Manufacturers Association (TMA) said car and truck sales rose by 29 percent to record levels in January to March from the year-ago level.

Members of Campi and TMA sold a combined 41,702 units in the three-month period, the highest first-quarter sales performance recorded by the industry in its history.

“Traditionally, the first quarter has yielded the lowest quarterly sales,” Campi and TMA said in the joint statement.

Campi president Rommel Gutierrez said the rise in sales “was a clear indication that the country is indeed on the path toward motorization.”  Currently, only three in every 100 Filipinos own automobiles.

The leading performers in the first quarter of 2013 were Toyota Motors Philippines Corp., with a market share of  41 percent; Mitsubishi Motors Philippines, 24 percent, and Honda Cars Philippines, 9.51 percent.

Isuzu Philippines Corp. and Ford Philippines followed with market shares of 6.56 percent 6.44 percent, respectively.

Sales of passenger cars, which made up a third of the total units sold, rose by 46 percent to a total of 13,821 units. Commercial vehicles sales increased by 23 percent to 27,881 units from year-ago level.

Within the commercial vehicle category, trucks and buses posted a 69-percent sales increase in the first quarter to 447 units from 265 units. Gutierrez said this was mainly due to purchases by various government agencies that had been refleeting since the start of the year.

Sales of Asian Utility Vehicles (AUV) and Light Trucks lagged behind the rest of the industry, growing just 3.5 percent and 2.5 percent, respectively.

The higher sales for the first quarter, normally one of the slowest period of the year for car sellers, indicated that the industry would be able to sell 200,000 units by the end of the year.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: auto , auto sales , Motoring , Philippines , vehicle sales

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Ukraine FM: We are ready to fight Russia
  • Slain officer’s ‘diagram’ rocks PNP
  • 2 contractors fined P25,000 for delays in Edsa rehab
  • Luisita beneficiaries take over renters
  • 5 years of hard work pay off for top UP grad
  • Sports

  • Sharapova advances to Stuttgart quarterfinals
  • Galedo caps ride of redemption
  • Beermen, Express dispute second semis slot today
  • Lady Agilas upset Lady Bulldogs in four sets
  • NLEX roars to 7th D-League win
  • Lifestyle

  • A brand for life
  • Wear a rainbow on your wrist
  • Wearing Kate Moss
  • Sail into summer
  • Life lessons from the Ultimate Warrior
  • Entertainment

  • Kristoffer Martin: from thug to gay teen
  • Has Ai Ai fallen deeply with ‘sireno?’
  • California court won’t review Jackson doctor case
  • Cris Villonco on play adapted from different medium
  • OMB exec’s assurance: We work 24/7
  • Business

  • Gaming stocks gain, PSEi eases on profit-taking
  • Cebu Pacific flew 3.74M passengers as of March
  • Corporate bonds sweeteners
  • Professionals in the family business
  • Foreign funds flowed out in Q1, says BSP
  • Technology

  • Vatican announces hashtag for April 27 canonizations
  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Opinion

  • Editorial Cartoon, April 25, 2014
  • No deal, Janet
  • Like making Al Capone a witness vs his gang
  • MERS-CoV and mothers
  • A graduation story
  • Global Nation

  • Afghan hospital guard kills 3 American doctors
  • Career diplomat is new PH consul general in Los Angeles
  • US4GG: Aquino should ask Obama for TPS approval, drone technology
  • Complex health care system for California’s elderly and poor explained
  • Tiff with HK over Luneta hostage fiasco finally over
  • Marketplace