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By Haidee V.
Eugenio
Variety Assistant Editor
New
vehicle sales hit another record low in calendar year 2006 with only 999
units sold, a 35 percent drop from 1,544 in 2005 as CNMI consumers had
to contend with high utility bills and reduced paychecks as a result of
business closures and reduced work hours.
The 2006 sales also marked the first time since 2003 that annual sales
didnt reach the 1,000-mark.
The latest data from the Commonwealth Auto Dealers Association shows only
999 new cars, vans, trucks and sports utility vehicles sold in 2006, from
1,544 in 2005.
In 1997, CADA sold almost 2,000 new vehicles before plunging to 1,457
in 1998 until the sales figures hit an all-time low of 849 in 1999.
Sales improved a bit with 990 and 1,004 units sold in 2000 and 2001, respectively,
before plunging again to 904 in 2002.
Sales improved again in 2003 with 1,266 new units sold, followed by 1,612
in 2004 and 1,544 in 2005.
Last year, the sales dipped by 35 percent due to a worsening economy.
CADA which consists of Joeten Motors, Microl Corp. and Triple J
Motors said these conditions decreased consumers disposable
income.
Microl, the authorized distributor of new Toyota and Chevrolet units in
the CNMI, again got the lions share of the market in 2006. It sold
422 vehicles, cornering 42 percent of the industry sales. However, its
2006 sales marked a 42 percent drop from the previous year.
Joeten Motors, which locally distributes Nissan, Ford, Honda and Kia,
sold 314 units or 31 percent of the total new vehicles sold in 2006. Joeten
also saw a 32 percent drop in sales compared to 2005.
Triple J Motors sold 263 new Hyundais, Mitsubishis, Suzukis and Mazdas
in 2006, but this was a 26 percent decrease from its 2005 sales.
Favorite vehicles
Toyota Corolla remains the number one car of choice with 75 new units
sold in the CNMI in 2006. No other vehicle whether truck, van or
SUV sold the same number in 2006 as Toyota Corolla.
In the car market with 33 different makes and models, Toyota Yaris ranked
second with 65 new units sold between January and December 2006.
Honda Civic ranked third with 45 new units sold.
Toyota Tacoma dominated the truck market with 65 new units sold in 2006,
followed by Ford Ranger with 29 units and Nissan Frontier, 27. There are
eight different makes and models of trucks available in the CNMI.
In the SUV market with 26 different makes and models, Toyota RAV4 sold
48 new units, followed by Hyundai Santa Fe with 33, and Mitsubishi Outlander,
22.
The van market with eight different makes and models was dominated by
Toyota Sienna with 24 new units sold in 2006. Mazda5 ranked second with
10 units sold and GM van, nine.
The market share by franchise was again dominated by Toyota in 2006, 40
percent, followed by Nissan, 12 percent, and Mazda, 10 percent. The rest
were shared by Hyundai, Ford, Honda, Mitsubishi, Kia, GM/Chevrolet, Suzuki
and all others.
CADA also sold 356 used or second hand vehicles in 2006, mostly by Microl
at 150. Triple J sold 115 used vehicles and Joeten Motors, 91.
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