Friday, January 15, 2021

2020 Was a Bleak Year for Auto Makers


After the Association of Vehicle Importers and Distributors (AVID) released dismal year-end figures, the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and the Truck Manufacturers Association (TMA) have now done the same. And echoing AVID’s year-end reports, it paints a bleak picture for the Philippine auto industry as a whole.

Based on the last 2020 joint CAMPI-TMA report for the year, they sold 154,155 units—that’s a 40.9 percent decline from the 260,744 units in 2019. The passenger car (PC) segment dropped 36.2 percent to 69,638 units (from 109,197 units in 2019), while light commercial vehicles and light-duty trucks tanked 43.2 percent, 43.5 percent respectively.

Toyota Motor Philippines remains the country’s biggest carmaker, selling 100,019 units (that’s enough for a 44 percent market share) followed by Mitsubishi Motors Philippines at 37,366 units, and Nissan Philippines in third with 21,751 units.

As a whole, the CAMPI-TMA and AVID figures saw 223,793 units sold for the entire 12 months of 2020 or a 39.5 percent drop compared to the 369,941 joint-figure in 2019.


NRI predicts that 2021 figures will grow by just 5.4 percent compared to the 2020 figures.

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