Civic, CR-V buyers buck car sales trend
- Road Transport, Transport, Honda, Tessa Salazar -
By Tessa R. Salazar
Philippine Daily Inquirer
THEY say the best measure of a product or service’s quality is its ability to thrive even when its competitors are having a tough time. And such is evident in a highly competitive market as the automotive industry, where consumer loyalty can be retained or swayed as swiftly as car manufacturers can produce new vehicle models.
Honda Cars Philippines Inc., however, has two models that prove that when you hit the bull’s eye of your target market, loyalty and consequently continued sales are almost always assured despite the influx of competitor models. The Honda Civic has captured a 63-percent market share of the compact class sedan, while the CR-V has gained a 25-percent share in its class. The two vehicles have bolstered HCPI’s No. 2 position in the automotive industry.
In a statement released by HCPI citing Chamber of Automotive Manufacturers of the Philippines (Campi) report, Honda led the passenger segment in January with a 35-percent market share. HCPI sold 1,045 units in January out of the total passenger car unit sales of 2,961.Arnel Doria, HCPI VP for marketing, said that with continued positive sales trend, Honda hopes to significantly contribute to Campi’s 125,000-unit year-end industry sales target.
HCPI registered a 65-percent increase over the same period in 2007.
Doria pointed out that despite the 23-percent downtrend in the passenger car market compared to the December 2007 performance, Honda even managed to post a 19-percent growth.
Industry historical trends show that the industry normally experiences a sales slump at the beginning of every year due to advanced demands in December when buyers take advantage of aggressive year-end promotions.Honda credits its passenger cars dominance with its iconic Civic model, which has registered a 14,000-unit accumulated sales since its introduction in April 2006. Mirroring buyers’ approval, various industry awards have been heaped on the Civic for its superior engine performance, fuel economy, dynamic styling and overall value. Overall, the Civic emerged as one of the top three best-selling models in 2007.
The CR-V is also credited by HCPI as adding a significant contribution in sustaining its position with 431 unit sales.





