Local automotive manufacturers belonging to Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) on Thursday announced slight growth in sales for the first five months of 2013.
Based on the figures from the joint Marketing Committee of the Campi and the Truck Manufacturers Association (TMA), January to May sales reached 72,988 compared to the 59,174 recorded during the same period last year, posting a 23.3-percent growth.
On a month-on-month comparison, a total of 15,859 units were sold in May versus 14,262 units in April, showing an 11.3-percent spike.
The drivers for the five-month growth were trucks, buses and light commercial vehicles, with the segment growing by 58 percent from 493 units to 778 units. This was attributed to increased construction activities as well as in response to the government’s call for re-fleeting by public utility vehicle operators.
According to the numbers, trucks and buses’ share of the market was 1.59 percent while the light trucks 2.03 percent. The commercial vehicle segment holds the 67.25 percent of the market share based in January to May sales record.
Meanwhile, some 30,680 light commercial vehicles were rolled out, for a 28.9-percent raise compared to the 23,807 units recorded during the same period last year.
Campi President Rommel Gutierrez explained that the increase in sales is a reaction to the improving Philippine economy.
“Improvement in the economy is always first manifested by an upward trend in light commercial vehicle sales. This is because this type of vehicle could easily double as a family vehicle and a business transport service,” he said.
On the other hand, passenger cars sales improved by 35 percent from 17,656 units for the first five months of 2012 to 23,904 units this year.
Gutierrez expressed belief that the industry will continue to break all previous years’ performances, as introduction of new models and promo packages coupled with low interest rates will continue to attract consumers to buy vehicles.
On related developments, the industry is anticipating the announcement by the Department of Trade and Industry of the Automotive Industry Roadmap.
“The roadmap will be the single biggest impetus that will drive the industry to greater heights never seen before. We are grateful that the industry’s contribution to the Philippine economy will finally be recognized,” Gutierrez said.
The top three performers for Campi for the period were Toyota Motors Philippines with a 40-percent market share, Mitsubishi Motors Philippines Corp. with 24 percent and Honda Cars Philippines (HCPI) with 8.4 percent.
Placing fourth is Ford Motor Philippines with 6.9 percent followed closely by Isuzu Philippines Corp. with 6.6 percent.