SUVs Sales Overcome Fuel Cost SpikeSport utility vehicles or SUVs became popular in the early 90's as a status symbol. Since then there were a lot of SUVs introduced in the market fitting every budget, demographic and lifestyle. At motor shows journalist, executives, and car enthusiasts spend most of their time in throngs around the many SUVs on display. Almost everyone dreams of owning an SUV as it gives prestige and a statement of lifestyle and fulfillment.
However when fuel prices peaked during the start of the third quarter this year, vehicle sales in most markets particularly in the United States dropped significantly, to which SUV sales was primarily affected as people switched from gas guzzler SUVs to more fuel efficient vehicles and hybrids. In contrast, soaring fuel cost did not put the brakes on increasing SUV sales in the Philippines. September year-to-date figures from the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and Truck Manufacturers Association (TMA) show that total SUVs sold accounted for 16,481 units. Furthermore, compact and midsize SUVs continue to dominate sales with 92% against large size SUVs.
Mitsubishi Motors Philippines' Froilan Dytianquin, Assistant Vice-president for Marketing Services commented that "I believe that SUVs in our market remain to be relevant unlike in the U.S. since most of the SUVs available locally are powered by fuel efficient gasoline and diesel engines. In addition, SUVs in our market continue to be practical given its higher stance which enables it to easily maneuver bad roads and also pass through flooded roads during the rainy season"
Mitsubishi Motors Philippines continues to achieve excellent sales in SUV. This September, MMPC has remarkably sold a total of 479 units of Mitsubishi Outlander and Montero Sport putting it at the top the compact and midsize SUV segment. MMPC continues to excite the market with its SUV line-up that truly exudes class, sportiness and power. The Mitsubishi Outlander, Endeavor, Pajero, and the recently launched Montero Sport continue to boost sales growth.
The Mitsubishi Outlander, a crossover SUV receives endless praises in reviews for its energetic V6 and 4 in-line MIVEC engine as well as its very youthful design and sporty handling. Mitsubishi Motors has set this SUV apart from its competitors with distinctive styling and sporty character.
Though very fresh in the market, the Montero Sport instantly became the most desired midsize SUV in the market today. The Montero Sport sports unique contemporary styling and features uncompromised performance with its 3.2 Direct Injection-Diesel common rail intercooled turbocharged engine matched to Mitsubishi's renowned Super Select four wheel drive system. In addition, Montero Sport customers have also expressed admiration on the luxurious interior and roominess and more importantly its excellent riding comfort.