Vehicle sales in June reached 19,622 units, up 37.8 percent from a year earlier, which industry officials said was due to a combination of strong demand for passenger cars and aggressive product launches by car makers.
For the first half, vehicle sales reached 108,957 units, up 24.9 percent year-on-year.
The June sales performance was the highest monthly sales on record, according to the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and the Truck Manufacturers Association (TMA), two of the biggest organizations in the Philippine automotive industry.
Campi said the surge in car sales in June was due to the “staggering demand” for passenger cars fueled by aggressive product launches and continuous marketing support to meet the demand.
Sales of passenger cars (PC) and commercial vehicles (CV) further accelerated. Sales of passenger cars reached 8,278 units, up 100.3 percent from a year ago, while commercial vehicle sales totaled 11,344 units, up 12.2 percent from a year ago.
Within the CV category, most segments outdid their year-ago performances. Asian utility vehicle or AUV sales recorded 3,863 units or 15.3 percent growth; Light commercial vehicles or LCVs registered sales of 6,922 units with a 9.7 percent increase; Light trucks sold 317 units or a growth of 23.8 percent; and Category 5 trucks and buses registered the highest growth of 1,600 percent with 68 units sold.
“It is apparent that the market’s ongoing demand and increasing purchase intent have positively boosted the morale of the automotive industry for the first quarter,” Campi president Rommel Gutierrez said.
“We are equally pleased with the overwhelming results for the second quarter as sales continue to increase. As for the month of July, we are expecting to have stable to higher sales, with our confidence essentially built on the positive response of the automotive market for the new models and marketing activities,” he added.
The top five major players kept their rankings, with Toyota Motor Philippines Corp. (TMPC) leading the pack. TMPC captured a 44.5 percent share of the market, an increase of 39 percent year-on-year. In second place was Mitsubishi Motor Philippines Corp. with a 23-percent market share, while Ford Motor Philippines was in third place with an 8.1-percent share.
Isuzu Philippines Corp. landed at number four with a 5.9-percent share and Honda Cars Philippines Inc. occupied the fifth spot with a 5.3-percent market share.