Vehicle sales up 14.8% in 4 months

Total auto sales in the first four months of 2008 soared to 39,981 units up by 14.8 percent from 34,827 units in the same period in 2007. Commercial vehicles (CV) continued to dominate the local market, making up 66 percent of total vehicle sales nationwide. Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) President Elizabeth Lee attributed the increase in CV sales to sustained growth in the light commercial vehicle segment (pickup trucks, vans and compact sports utility vehicles). Japanese auto maker Toyota dominated the market with 14,160 units, followed by Mitsubishi Motors Philippines with 5,345 units. Dropping to third from second slot was Honda Cars with 5,269 units followed by Hyundai Asia, 3,325 units.

in Daily Tribube by Ayen Infante
May 9, 2008
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