Toyota remains market leader
AUTO sales in the Philippines surged by 30.3 percent in May compared to the same month last year on the back of strong demand across all automotive brands in the country.
The Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and the Truck Manufacturers Association (TMA) said in a joint statement that vehicle sales in May reached 30,157 units compared to the 23,139 units sold in the same month last year.
Vehicle sales in May were also higher by 8.9 percent compared to the 27,697 units sold in April.
“With another impressive sales figure, we can see that there has been continuous demand for mobility. We expect new models to reach the market with positive response as we also look at July figures to have a stable to higher sales performance,” said Campi president Atty. Rommel Gutierrez.
For the first five months of the year, auto sales were up 25.2 percent at 134,328 units compared to 107,280 units sold in the same five months in 2015.
The robust sales performance in May was driven mostly by commercial vehicles, which recorded 19,264 of units sold or 41.8 percent higher than in the same month last year. This was attributed to the robust business and construction activities in the country which are propelling the Philippine economy.
Meanwhile, sales of passenger cars rose 14 percent in May to 10,893 units compared to 9,556 units sold in the same month last year.
Commercial vehicles has five categories: Category 1 or AUVs, Category 2 or light commercial vehicles (LCV), Category 3 or light trucks, Category 4 or trucks and buses, and Category 5 or heavy duty trucks and buses
Category 1 or AUVs posted 33.6 percent sales growth in May or 5,426 units versus 4,060 units sold in the same month last year, while LCVs or Category 2 vehicles saw a 44.5 percent improvement in sales to 12,862 units from 8,903 units a year ago.
Light trucks had the fastest growth — up by 66.5 percent or 581 units sold versus 349 units a year ago — while Category 5, or heavy duty trucks and buses, followed with 56 percent growth or 142 units sold from 91 units previously. Category 4, or trucks and buses, saw sales rising by 40.6 percent to 253 units from 180 units in May 2015.
In May, Toyota Motors Philippines Corp. remained the market leader with nearly half or 48.1 percent of market share, followed by Mitsubishi Motors Philippines Corp. with 17.2 percent; Ford Motor Company Philippines Inc. (9.73 percent); Isuzu Philippines Corp. (6.7 percent), and Honda Cars Philippines Inc. (5.11 percent).
Campi said the sales performance in the first five months is still in line with its projection of 350,000 vehicle sales this year, up 10 percent from the actual sales last year.
Campi has eight regular members which are BMW (Asian Carmakers Corp.), Daewoo Bus (Columbian Manufacturing Corp.), Kia (Columbian Autocar Corp.), Honda (Honda Cars Philippines Inc.), Isuzu (Isuzu Philippines Corp.), Mitsubishi Motors (MMPC), Nissan (Nissan Philippines Inc.), and Toyota (TMP).
Among its associate members are BAIC (Universal Motors Corp.), Mazda (Berjaya Auto Philippines Inc.), Peugeot (Eurobrands Distributor Inc.), Suzuki Philippines Inc., and Volkswagen (Auto Central Enterprise Inc.).