Local automotive manufacturers on Thursday announced 22-percent growth in unit sales for the first four months of the year, with passenger cars showing the biggest gain.
Based on the figures provided by the joint Marketing Committee of Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and the Truck Manufacturers Association (TMA), first trimester sales reached 69,737 units in the year-to-date, compared with 57,128 units sold in the same period in 2013.
The passenger car segment showed the biggest jump by percentage, gaining almost 33 percent with four-month sales of 24,824 units, against 18,702 units a year ago.
Light commercial vehicles – currently holding about 65 percent of the market – have sold 44,913 units, a 17 percent jump from the 38,426 units rolled out in 2013.
For April alone, vehicle sales totaled 18,094 units, a 20 percent increase over 15,094 units sold in the same month last year. However, on a month-on-month basis, the segment fell 6 percent from 19,173 units sold in March.
Passenger cars sold in April dropped 6.2 percent month-on-month to 6,732 units, but they were up 41 percent compared with sales in April 2013.
LCV sales for the month reached 11,362 units, down by 5.3 percent over March’s 11,999 units, but up 10 percent from 10,321 units sold in April last year.
Campi President Rommel Gutierrez traced the month-on-month slowdown in April to the Holy Week season.
“The overall outlook for April was lower because historically, the Holy Week month registers lower sales due to the fewer selling days,” he said.
“However, market volume for April was still notable and beyond what we had anticipated. For the remaining months of the second quarter, as the automotive industry continues to get stronger, we are considering higher sales, if not stable,” Gutierrez added.
The top three contributors for Campi would be Toyota Motor Philippines Corp. with a 44.4 percent share, followed by Mitsubishi Motor Philippines Corporation with 23.5 percent and Ford Motor Philippines with 7.8 percent.
Isuzu Philippines Corp. was in 4th place with a 6 percent share while Honda Cars Philippines Inc. held the 5th spot with 5.5 percent.
Meanwhile, Toyota Motor Philippines (TMP) posted a share of nearly 45 percent with total sales of 8,102 units in April, according to the most recent Campi report. Coming from a sales milestone just last March, the number one automotive company in the country continued to break the 8,000-unit mark for the second consecutive month.
Toyota’s best-selling vehicle in the country, the Vios, posted sales of 1,982 units.
The mini hatchback Wigo recorded 634 units, while the Fortuner and the locally manufactured Innova registered 1,473 units and 1,200 units, respectively.
Other Toyota models such as the Corolla Altis, the Hilux and the HiAce were also number one in their own categories.
On a year to date basis, Toyota Motor Philippines continued to stretch its lead in sales. In the passenger car segment, the company registered 11,625 units and in the commercial vehicle segment, 9,305 units. TMP’s total sales on a year-to-date basis stood at 30,930 units.