{"id":329549,"date":"2024-09-19T14:03:06","date_gmt":"2024-09-19T06:03:06","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329549"},"modified":"2024-09-19T14:03:08","modified_gmt":"2024-09-19T06:03:08","slug":"trade-the-news-car-sales-zoom-in-august","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-car-sales-zoom-in-august\/","title":{"rendered":"Trade the News: Car sales zoom 6.6% in August"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>GT Capital Holdings<\/td><\/tr>
Stock Code<\/strong><\/td>GTCAP<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 880.95<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Motor vehicles sold in the country zoomed by 6.6 percent in August, driven by model introductions in recent months.<\/p>\n\n\n\n

A joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) showed vehicle sales reached 39,155 units in August, higher than the 36,714 units in the same month last year.<\/p>\n\n\n\n

Compared to the 39,331 units sold in July, motor vehicle sales in August slipped by 0.4 percent.<\/p>\n\n\n\n

Passenger car sales in August dropped by 5.6 percent to 9,529 units from last year\u2019s 10,094 units.<\/p>\n\n\n\n

Meanwhile, sales of commercial vehicles climbed by 11.3 percent to 29,626 units in August from 26,620 units in the same month a year ago.<\/p>\n\n\n\n

From January to August, CAMPI and TMA\u2019s total sales reached 304,765 units, 10.3 percent higher than the 276,215 units in the same period in 2023.<\/p>\n\n\n\n

Passenger car sales increased by 14 percent to 80,327 units as of end-August from 70,451 units in the same period a year ago, while commercial vehicle sales also grew by 9.1 percent to 224,438 units from 205,764 units.<\/p>\n\n\n\n

GTCAP’s subsidiary Toyota Motor Philippines continue to be the dominant player in the industry, increasing its market share to 45.9% in August.<\/p>\n\n\n\n

(News Source: Business World<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-329549","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329549"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329549\/revisions"}],"predecessor-version":[{"id":329551,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329549\/revisions\/329551"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}