Wazzup Pilipinas!
Carmudi Philippines—the local arm for the leading vehicle platform around the world—expressed confidence that online vehicle sales in the country will follow suit over the stellar sales performance achieved by the local automotive industry in closing the second quarter of 2016.
Carmudi Philippines Managing Director Abhi Mohan said that following the high vehicle sales numbers, they are expecting constant growth on all sectors concerning vehicle sales.
“We believe that the online sales atmosphere would follow suit in providing a strong commercial environment for the local automotive industry. For example, since more and more people are buying brand-new units, more pre-owned vehicles will be up for sale,” he explained.
He was referring to the 167,481 sales record posted by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) for the first six months of 2016, posting a 27.4 percent surge against the 131,465 sales tallied in the same period last year. The said figures also surpassed highest monthly record.
Citing his previous claim that vehicle sales for the second and third quarter of 2016 would pose a challenge in the annual sales target for the year, Mohan now expresses confidence that those numbers will be met, and eventually exceeded.
“I could never be happier that I was wrong regarding the turnout of sales. This proves that the Philippine automotive industry would enjoy a remarkable sales performance all throughout the year,” Mohan said.
According to Mohan, he was surprised to learn about the figures, saying that despite the challenges for June, automotive sales remain stellar.