THE Philippine Automotive Industry posted a 22.2-percent increase in vehicle sales in November to 32,966 units from 26,979 units a year ago, with Toyota Motor Philippines still in top spot, the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and Truck Manufacturers Association (TMA) said in a report on Thursday.
“The good sales performance last November was because of enticing promotions and events matched with good demand of our market. With the robust demand, especially this Christmas season, we expect stable to higher sales by December,” said Campi president Rommel Gutierrez.
All vehicle categories posted increases in November. In the Passenger Cars segment, the market took advantage of the brands’ promotions and events which led to 12,143 units sold or an increase of 14 percent from November 2015 sales.
The Commercial Vehicles segment posted an increase of 27.5 percent with 20,823 units sold from 16,330 units sold during the same month last year. The Campi-TMA report said the arrival of stocks from previous months’ orders contributed to the increase in CV segment.
Among the CV segments, Category III (Light Trucks and Buses) achieved the biggest growth of 84.7 percent with 968 units sold last month from 524 units sold in November 2015. Category IV (Heavy Duty Trucks and Buses) garnered a 40.9 percent increase with 365 units sold last month compared to 259 units sold a year ago.
Sales of Category I (AUVs) grew 28 percent with 6,449 units sold from 5,037 units in November 2015, while sales of Category II (SUVs) increased 24.8 percent with 12,905 units sold from 10,344 units last year.
It was only Category V (Heavy Duty Truck and Buses) that showed a contraction, with sales falling 18.1 percent or 136 units sold from 166 units sold in November 2015, it added.
As of November, automotive sales have already surpassed the total 2015 Campi-TMA sales with 325,468 units sold, with Toyota Motor Philippines Corp. continuing to lead with a 44.34 percent market share.
Mitsubishi Motors Philippines Corp. is in the second spot with 17.14-percent share. Ford Motor Philippines Inc. sits at third with a 9.37-percent share. Isuzu Philippines Corp. is at fourth place with a 7.50 percent market share. Honda Cars Philippines Inc. follows with a 6.27-percent market share.