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Wednesday, September 14, 2022

Philippine Auto Industry On Track To Full Recovery With August Sales Jump


On the eve of the country’s biggest automotive industry event, the Philippine International Motor Show (PIMS), the Chamber of Automotive Manufacturers of the Philippines or CAMPI says the industry is now “on track to a full recovery.”

Car sales jumped 90.5 percent in August 2022 versus August 2021, bringing year to date sales to 212,872 units. This 8-month figure represents a 25.1 percent growth compared to the same January to August figure in 2021.

The joint CAMPI-TMA (Truck Manufacturers Association) report showed all categories posting increases last month.

For the month of August, the CAMPI-TMA sales performance was fueled largely by the commercial vehicle (CV) segment, which grew 114.1 percent with sales volume of 23,452 units or 77.69 percent higher than same month in 2021. It’s also a 9.2 percent more in comparison to July’s 21,465 sales.

The passenger car (PC) segment also grew albeit at a slower pace of 37.6 percent with sales of 6,733 units from 4,894 units in August last year. This figure is a 6.1 percent improvement compared to July’s 6,346 units.

Among the commercial vehicle categories, sales of Asian utility vehicles (AUV)—which comprise the likes of the Toyota Avanza, Mitsubishi Xpander, Suzuki Ertiga, and the newly launched Nissan Livina—registered a 210.3 percent increase to 4,589 units from only 1,497 units in August 2021.

However, in terms of volume, the biggest contribution went to the light commercial vehicle (LCV) category with sales of 17,973 units or a significant 106 percent increase versus 8,723 units in the same period last year. The LCV category includes the likes of pickup trucks and mid-sized SUVs.

Other categories such as light trucks, trucks and buses category IV and category V also contributed with increases of 29.9 percent, 1.2 percent, and 51.8 percent, respectively.

Toyota Motor Philippines posted an 87.1 percent sales growth in August. Its 108,746 year-to-date sales is enough to cement its position as the country’s best-selling car brand. Meanwhile, Mitsubishi Motors Philippines saw sales rise 215.8 percent for a year-to-date number of 30,207, while Nissan remained in third with 14,487 units sold. Not far behind is Ford Philippines with 13,348 units, while in fourth is Suzuki with 12,838 units.

See the breakdown below:

Top 10 January to August 2022 Sales:
  1. Toyota Motor Philippines - 108,746 (51.09 percent)
  2. Mitsubishi Motors Philippines - 30,207 (14.19 percent)
  3. Nissan Philippines - 14,487 (6.81 percent)
  4. Ford Philippines - 13,348 (6.27 percent)
  5. Suzuki Philippines - 12,838 (6.03 percent)
  6. Isuzu Philippines - 10,728 (5.04 percent)
  7. Honda Cars Philippines - 9,389 (4.41 percent)
  8. Kia Philippines - 3,220 (1.51 percent)
  9. Foton Motor Philippines - 2,372 (1.11 percent)
  10. Hino Motors Philippines - 1,671 (0.78 percent)
Top 10 January to August Passenger Car Sales:
  1. Toyota Motor Philippines - 31,139
  2. Mitsubishi Motors Philippines - 6,608
  3. Honda Cars Philippines - 5,999
  4. Suzuki Philippines - 4,152
  5. Nissan Philippines - 1,499
  6. SMC Asia Car Distributor (BMW) - 730
  7. Kia Philippines - 686
  8. Auto Nation Group (Mercedes-Benz) - 415
  9. Bermaz Auto Philippines (Mazda) - 213
  10. Automobile Central Enterprise (Volkswagen) - 105
Top 10 January to August Commercial Vehicle Sales:
  1. Toyota Motor Philippines - 77,607
  2. Mitsubishi Motors Philippines - 23,599
  3. Ford Philippines - 13,255
  4. Nissan Philippines - 12,988
  5. Isuzu Philippines - 10,728
  6. Suzuki Philippines - 8,686
  7. Honda Cars Philippines - 3,390
  8. Kia Philippines - 2,534
  9. Foton Motor Philippines - 2,372
  10. Hino Motors Philippines - 1,671

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