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Sunday, August 21, 2022

Philippine New Car Sales Up 29.4 Percent In July 2022


The latest joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) shows new motor vehicle sales for July 2022 reached 27,813 units, equivalent to a 29.4 percent growth compared with 21,498 units recorded in the same period a year ago.

Data from the same CAMPI-TMA report showed that year-to-date vehicle sales rose by 18.4 percent to 182,687 units, from the previous year’s 154,265 units.

Having said that, vehicle sales did dip 2.8 percent from 28,601 units sold in June due to continued supply constraints that plague the industry.

In what could be a visible shift in vehicle preference, passenger car (PC) sales dipped 8.4 percent to 45,349 units from last year’s 49,508 units. On a month-on-month basis, July sales are down 10.6 percent to 6,346 units from June’s 7,457 units.

Truck and bus sales also performed poorly in July. Sales of trucks and buses dipped 39.3 percent to just 54 units in July compared to June’s 73 units. In the seven months of 2022 so far, truck and bus sales are down 29 percent to 493 units compared to 2021’s 694 units.

Commercial vehicle (CV) sales are up 31.1 percent to 137,338 units from last year’s 104,757. In July, the figure is up 49.1 percent to 21,467 units from 14,396 units in June. Within the segment, the biggest gains posted by car manufacturers are in the light commercial vehicle (LCV) segment which saw sales up 55.3 percent month-on-month (16,294 units in July versus 10,493 units in June). Year-to-date, LCV sales have already reached 108,660 units—up 36.2 percent to 2021’s 79,777 units.

Meanwhile, the Asia Utility Vehicle (AUV) segment is also up 39.9 percent in July (4,375 units versus June’s 4,055 units). Year-to-date, it’s up 18.5 percent to 23,285 units from 19,649 units in January to July 2021. Per CAMPI report, the AUV segment is composed of the small and low-cost MPVs such as the Toyota Avanza, Mitsubishi Xpander, and the Suzuki Ertiga.

In July, Toyota continues to be the dominant car brand in the country followed by Mitsubishi. Ford managed to catapult itself to third place thanks to the launch of the next-generation Everest and Ranger, overtaking both Nissan and Suzuki in the process.

July 2022 Overall Vehicle Sales Rank
  1. Toyota Motor Philippines – 13,936 / 50.11 percent
  2. Mitsubishi Motors Philippines – 5,027 / 18.07 percent
  3. Ford Philippines – 1,797 / 6.46 percent
  4. Nissan Philippines – 1,705 / 6.13 percent
  5. Suzuki Philippines – 1,562 / 5.62 percent
  6. Isuzu Philippines – 1,342 / 4.83 percent
  7. Honda Cars Philippines – 967 / 3.48 percent
  8. KP Motors (Kia) – 475 / 1.71 percent
  9. Foton Motor Philippines – 277 / 1 percent
  10. Hino Motors Philippines – 162 / 0.58 percent
  11. Bermaz Auto (Mazda) – 129 / 0.46 percent
  12. SMC Asia Car Distributor (BMW) – 101 / 0.36 percent
January to July 2022 Passenger Car Sales Rank
  1. Toyota Motor Philippines – 26,790 / 62.09 percent
  2. Mitsubishi Motors Philippines – 6,313 / 13.92 percent
  3. Honda Cars Philippines – 5,353 / 11.80 percent
  4. Suzuki Philippines – 3,640 / 8.03 percent
  5. Nissan Philippines – 1,062 / 2.34 percent
  6. SMC Asia Car Distributor (BMW) – 635 / 1.40 percent
  7. KP Motors (Kia) – 588 / 1.30 percent
  8. Auto Nation Group (Mercedes-Benz) – 315 / 0.69 percent
  9. Bermaz Auto (Mazda) – 169 / 0.37 percent
  10. Automobile Central Enterprise (Volkswagen) – 87 / 0.19 percent
January to July 2022 Commercial Vehicle Sales Rank
  1. Toyota Motor Philippines – 67,236 / 48.96 percent
  2. Mitsubishi Motors Philippines – 19,448 / 14.16 percent
  3. Nissan Philippines – 11,831 / 8.61 percent
  4. Ford Philippines – 10,667 / 7.77 percent
  5. Isuzu Philippines – 9,278 / 6.76 percent
  6. Suzuki Philippines – 7,773 / 5.66 percent
  7. Honda Cars Philippines – 2,988 / 2.18 percent
  8. KP Motors (Kia) – 2,232 / 1.63 percent
  9. Foton Motor Philippines – 2,108 / 1.53 percent
  10. Hino Motors Philippines – 1,441 / 1.05 percent

8 comments:

  1. toyota needs competition or there prices for global models will never get better, still surprised suzuki and mitsu are selling, feels bad bmw sold more than kia and mazda, their inventory must have really dried up huh

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  2. This comment has been removed by a blog administrator.

    ReplyDelete
    Replies
    1. You could have cited our story as the source: https://www.carguide.ph/2022/08/geely-ph-breaks-sales-record-with-1058.html

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  3. People still bought Mitsubishi's. This is a wild time.
    I think one factor to why Toyota sells more cars is the in-house financing they offer. And it's almost always a guaranteed approval.

    Other Brands need to go through banks for financing, while Toyota just does it all from the dealership.

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    Replies
    1. ... because Metrobank owns Toyota Motor Philippines.

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    2. D main advantage of toyota is it has same price nationwide. All other brands adding freight cost to dear srp specially those dealerships in vismin. Re: mirage g4 899k in ncr, in iloilo mitsu dealer they add a whopping 70k freight add on to the price. Geelyy cebu add on 50k freight vs ncr price

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  4. Replies
    1. No sales data yet because Hyundai, under its new distributor, just started operations. Expect them to report starting August.

      Delete

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