AUTO INDUSTRY NEWS

Auto sales up by 18.7% for first four months of 2007

Auto sales up by 18.7% for first four months of 2007 image

Text: / Photos: | posted May 14, 2007 00:00

The automotive industry sold a total of 8,628 units for the month of April. Auto sales are still relatively strong given the 18.7% growth for the first four months of the year compared to same perioed in 2006. April month end sales showed a decline of 15% primarily due to the short month of April due to the Lenten season with fewer selling days. Sales month on month is expected to pick up again in May. "Auto industry sales are on track to hurdle the 100,000 unit sales mark by year end assuming continued implementation of the used car import ban coupled with the strong peso."- EHL

PC sales has maintained a significant 11.2% growth for the first four months of the year. The positive growth is seen to continue. Although month on month PC sales (April vs March) decreased by 26.6% mainly due to low seasonality, coupled by stock unavailabity and late shipment arrivals, the current new models recently introduced in the market will help buoy PC sales for the coming months.

PC sales has maintained a significant 11.2% growth for the first four months of the year. The positive growth is seen to continue. Although month on month PC sales (April vs March) decreased by 26.6% mainly due to low seasonality, coupled by stock unavailabity and late shipment arrivals, the current new models recently introduced in the market will help buoy PC sales for the coming months.

CV sales remain strong ending the fours months of the year with a significant growth of 23.2% overall. Although month on month sales decreased by 8.2% compared to March sales mainly due to the short number of selling days and a significant drop in the Trucks & Buses segment, the CV segment is seen to remain strong. Positive sales growth on the average should be seen in the coming months.Further, the recent introduction of several new models will sustain retail sales while fleet sales deliveries are seen to continue in May.

MTD April AUV dropped by 7% mainly due to low stock availability. YTD sales increased significantly by 33.4% compared to the same period last year due to the sustained sales of new models.

Sales in the LCV segment, comprised of pickups, vans, compact & full-size SUVs., showed an overall growth of 14.5% compared to the same period last year due to several new models introduced recently as well as enticing promos offered to customers. The decline in sales for the month of April is mainly due to . delayed stock arrivals and unit unavailability.

Light Trucks sales increased significantly by 43.5% compared to the same period last year sustained by sales of new models. For this month, this segment decreased by 1% compared to March due to stock unavailability and delivered fleet accounts last month.

Cat IV & V sales for April decreased by 31.5% compared to the month of March due to the completion of fleet sales deliveries. Compared to the same period last year (Jan-April 2006), sales increased significantly by 59.4%. Growth was mainly driven by sales of the front and rear engine bus models.