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 85,587 New Vehicles Sold in 2002

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PostSubject: 85,587 New Vehicles Sold in 2002   Fri Sep 16, 2011 11:03 am

Sales of newly manufactured land vehicles in the country increased by 11.6 percent to 85,587 units in 2002 from 76,670 units in 2001, largely because of the 38.7 percent surge in the number of Asian utility vehicles (AUVs) sold during the period. AUVs are ten-seater commercial vehicles manufactured by Japanese car firms and enjoy tax-free privileges.

In particular, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) said that the total sales of AUVs, accounting for 43.7 percent of combined industry sales, climbed to 37,377 units last year from 26,939 units in 2001. Sales of other commercial vehicles - vans, pickup, and light trucks - that account for 30.9 percent of the total, increased moderately by 1.7 percent to 26,482 units in 2002 from 26,047 units in 2001.

Total commercial vehicle sales, accounting for 74.6 percent of all sales, went up by 20.5 percent to 63,859 units in 2002 from 52,986 units in 2001. In sharp contrast, passenger car sales, accounting for 25.4 percent of industry sales, dropped 8.3 percent to 21,728 units in 2002 from 23,684 units in 2001.

Overall, some 388,613 vehicles were newly registered in 2000.
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