AUTO INDUSTRY NEWS

Auto industry sales down in January 2012

Auto industry sales down in January 2012 image

Text: / Photos: | posted March 07, 2012 11:56

Coping with the struggles abroad

According to combined figures from both the Chamber of Auto Manufacturers of the Philippines, Inc. (CAMPI) and the Association of Vehicle Importers and Distributors (AVID), the entire industry took a dip in January 2012 compared to both December 2011.

Overall, the combined figures of AVID and CAMPI yielded a total sales of 10,762 units in January 2012 compared to December 2011 wherein the combined numbers totalled 12,140 units for a decline of 11 percent.

CAMPI's own figures showed a decline of 20 percent, much of it owed to the problems presented by disastrous events in Japan last March (earthquake, tsunami) as well as the late 2011 floods in Thailand where a good portion of CAMPI's vehicle supplies come from. Honda was the most affected by the flooding in Thailand as it's plant was well and truly inundated by the waters, while other manufacturers felt varying degrees of problems due to their parts and components suppliers being affected as well.

AVID, on the other hand, actually posted a growth in January 2012 compared to December 2011 with remarkable growth in the passenger car segment at 37 percent and a 6 percent rise in LCV sales. None of AVID's member brands import cars from the heavily affected countries such as Thailand and Japan.