CAMPI to mount ‘grander, greener’
international motor show on Aug. 19-22
Promising a “greener and grander” event, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) is back with the much-awaited 3rd Philippine International Motor Show (PIMS) on August 19 to 22 at the World Trade Center Metro Manila.
“The timing for CAMPI’s 3rd Philippine International Motor Show could not have been better. It is seen to further boost sales particularly given the positive effect of the relatively successful automated elections that help boost both consumer and business confidence,” said CAMPI President Elizabeth H. Lee at a press conference yesterday (June 16) at the Shangri-La Makati.
The influential automotive organization, which counts 19 of the world’s global brands as members, has revised its sales growth forecast to 11% – more than double its original forecast of 4% or an equivalent of 147,000 units for the year 2010. The country’s automotive manufacturers reported total vehicle sales rose 36.6% for the first five months of the year compared to the same period last year.
“We continue to expect robust sales for the year compared to last year with supply trying to keep up with the rising demand," said Ms. Lee, also the COO of Universal Motors Corporation.
“Factors that will continue to bolster vehicle sales include aggressive financing packages, making it easy and affordable for buyers to purchase their vehicles; OFW remittances, the engine of consumption, is expected to perform even better than last year; and the positive business and consumer confidence. 2010 will be an exciting year for both auto players and buyers,” added Ms. Lee.
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