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FRIDAY, DECEMBER 2, 2016
F1
MOTORING QUARTERLY
CURIOUSLY FAST Auto sales zooming but no signs of overheating
By Othel V. Campos
T
HERE’S no slowing down for the country’s automotive industry. In the last 3 to 4 years , auto sales have been hitting record highs, month-after-month, year-after year.
Based on the official figures released by the Chamber of Automotive Manufacturers of the Philippines. Inc. and the Association of Vehicle Importers and Distributors , combined sales of these two groups have reached 330,116 units , 40,000 units shy of the industry target of 370,000 units for the nine-month period
of the year. CAMPI and the truck makers group, the Truck Manufacturers Association, alone chalked up 261,370 units while AVID sales of imported vehicles reached 68,746 units. Industry leaders Toyota Motor Philippines Corporation and Mitsubishi Mo-
tors Philippines Corporation say their 2016 target is achievable and may even surpass expectations as the holidays draw near. “Third quarter sales remained strong. We expect sustained growth as we enter the fourth quarter,” said CAMPI president Rommel Gutierrez. Turn to F2