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Article: RP still a budding market for luxury cars
- Article from:
- The Manila Times
- Article date:
- March 27, 2009
- Author:
CopyrightCopyright Content Parnership Pty Ltd Mar 27, 2009. Provided by ProQuest LLC. (Hide copyright information)
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Lexus Manila is cautiously optimistic of sales this year, which marks its official foray into the local luxury-car market.
Hiroyuki Tsuda, Lexus Manila Inc. executive vice president, told a roundtable at The Manila Times on Thursday that the global financial crisis would indeed slow down global automotive sales. The luxury-car segment, he said, would not be an exemption, including here in the Philippines, still a budding market for high-end vehicles.
According to Tsuda, Lexus Manila's sales in the first two months were "a little slow," as they sold an average of 11 units per month.
Lexus Manila began the operation of its showroom in Fort Bonifacio, Taguig City, only in January this year.