The industry fights back
In CAMPI's sales report for September 2011, they stated that the industry's YTD sales were down by 3.5% compared to last year's phenomenal numbers. In the latest report (October 2011 sales), CAMPI is rising to the challenge, cutting the YTD deficit to 2.4%.
October vehicle sales registered a 7.4% growth compared to September, with 13,489 units in October versus 12,555 units in September. CAMPI states that the growth is a reflection of the recovery of the supply situation in Japan following the disastrous earthquake.
Commercial vehicle sales performed better than passenger car sales in October. CV sales rose by 15.9% with 9,689 units sold in October. Passenger car sales declined by 2.9% YTD and 9.4% monthly.
Following the challenges of the earthquake and subsequent tsunami in Japan, the local industry is now bracing for the problems that will be caused by the flooding disaster in Thailand, a major automotive manufacturing hub for the ASEAN region.