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Tuesday, December 14, 2021

New Car Sales Increased In November 2021, Lifts Industry Above Full Year 2020 Figures

New car sales reached a record high for the year last November 2021. According to the joint report of the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and Truck Manufacturers Association (TMA), automobile sales went up 14.2 percent to 26,456 units. This is compared to 23,162 in November 2020.

On a month-on-month basis, car sales grew 17.2 percent from 22,581 units sold in October. Passenger Car (PC) sales went up by 5.3 percent to 8,205 units, while Commercial Vehicle (CV) sales increased by 18.7 percent to 15,372 units.

From January to November 2021, new car sales reached 240,642 units, this is compared to the 196,197 units sold in the same 11-month period last year. The 22.7 percent growth so far in 2021 is actually enough to eclipse 2020’s full year sales of 223,793 units. PC sales are currently up 26.2 percent to 76,813 units while CV sales rose 21 percent to 163,829 units.

Toyota Motor Philippines continues to dominate the market with a 48.27 percent share as it sold 116,125 units year-to-date, 34.6 percent higher than the 86,303 units a year ago.

Mitsubishi Motors Philippines continues to be in second with a 13.91 percent market share after selling 33,483 units, 34.3 percent up from the 9,746 units sold last year.

Ford Philippines is in third with a 7.54 percent market share as its vehicle sales rose by 40.4 percent to 18,154 units from 12,928 units a year ago.

Suzuki Philippines is in fourth with a 7.30 percent share, followed by Nissan Philippines Inc. with a 7.22 percent share.

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