Quantcast
Article Index |Advertise | Mobile | RSS | Wireless | Newsletter | Archive | Corrections | Syndication | Contact us | About Us| Services
 
Mon, Sep 22, 2014 06:11 PM Philippines      25°C to 33°C
  HOME       NEWS     SPORTS     SHOWBIZ AND STYLE      TECHNOLOGY     BUSINESS     OPINION      GLOBAL NATION    SERVICES
Advertisement
Inquirer Mobile
Property Guide

INQUIRER ALERT
Get the free INQUIRER newsletter
Enter your email address:

 
Money/ Breaking News Type Size: (+) (-)
You are here: Home > Business > Money > Breaking News

  ARTICLE SERVICES      
     Reprint this article     Print this article  
    Send Feedback  
    Post a comment   Share  

  RELATED STORIES  




imns


Car sales up 6.4% in ’09

By Abigail L. Ho
Philippine Daily Inquirer
First Posted 13:21:00 01/08/2010

Filed Under: Economy and Business and Finance, Automotive Equipment, Consumer Issues

MANILA, Philippines ? Vehicle sales for 2009 rose 6.4 percent to 132,244 units, exceeding the industry?s target of a four-percent growth for the year.

Boosting overall sales for the year was the industry?s December performance, which demolished all monthly sales records registered over the last decade, according to data from the Chamber of Automotive Manufacturers of the Philippines Inc. and the Truck Manufacturers Association.

December sales reached a record 13,596 units, 7 percent more than the 12,702 units sold in November.

"Although December sales were expected to be seasonally higher, the stronger spike in December sales was a welcome result. This augurs well for 2010,?? CAMPI president Elizabeth Lee said in a statement.

"Stronger growth was due to higher replacement rate, coupled with stronger-than-expected growth in [overseas Filipino worker] remittances and aggressive financing packages. [These] fueled consumption, resulting in higher vehicle sales,?? she added.



Copyright 2014 Philippine Daily Inquirer. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



Share

RELATED STORIES:

OTHER STORIES:



  ^ Back to top

© Copyright 2001-2014 INQUIRER.net, An INQUIRER Company

The INQUIRER Network: HOME | NEWS | SPORTS | SHOWBIZ & STYLE | TECHNOLOGY | BUSINESS | OPINION | GLOBAL NATION | Site Map
Services: Advertise | Buy Content | Wireless | Newsletter | Low Graphics | Search / Archive | Article Index | Contact us
The INQUIRER Company: About the Inquirer | User Agreement | Link Policy | Privacy Policy

Advertisement
Megaworld
Jobmarket Online
Inquirer VDO
BizLinq