MMPC posts improved sales figure in passenger, LCV and truck segments
Mitsubishi Motors Philippines Corporation (MMPC) continues its robust performance as it concluded the month of October with another record sales. Total sales for the month of October reached 5,398 units. This marks a 10.9% improvement compared to last month's sales and is 21.9% high as compared to the same month last year.
For the third consecutive time, MMPC set a new record of its highest ever monthly sales. It is also worth noting that this is the fourth consecutive monthly growth of MMPC for the year since July. MMPC sold 44,800 vehicles for the ten months of the year which registered a 7.6% growth compared to the same period last year.
For the month of October, MMPC performed very well on most segments after posting significant sales improvement on passenger cars, light commercial vehicles (LCV) and trucks. Passenger car sales went up by 11.3% with total sales of 1,819 units while year-on-year sales of 14,821 units is remarkably high by 33.3%. This significant growth is vastly attributed to the continued strong sales of the Mirage hatchback and Mirage G4 sedans.
Over to LCV, sales also continue to surge after MMPC posted a 9.4% growth compared to its sales last September. In addition, the company's October performance is 12% better compared to the sales during the same period last year. MMPC was able to sell 3,414 units of LCV for the month of October. Meanwhile, sales for Fuso trucks significantly improved by 52.3% compared to last month.
Combined reports from the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) also showed that the industry grew by 5.9% compared to September and a 28.7% increase as compared to the same month last year. The local automotive industry was able to sell a total 28,667 vehicles last month. With this, MMPC captured 19.1% market share, maintaining its strong No.2 position in the industry.
MMPC remains optimistic that the company will maintain an impressive performance for the remaining months of the year.
“Given our extensive and refreshed vehicle lineup coupled by our marketing efforts and flexible financing plans which make owning a brand new vehicle a lot easier, MMPC is looking forward to another record breaking year”, said Froilan Dytianquin, MMPC First Vice President for Marketing.