CAMPI: Philippine auto sales gain 21.7% in Q1 2016

CAMPI: Philippine auto sales gain 21.7% in Q1 2016 image

Text: Eric Tipan / Photos: | posted April 12, 2016 18:37

Bulk of the sales come from commercial vehicles

Philippine auto sales increased by 21,7% during the first quarter of 2016 according to a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA).

“This is another remarkable achievement for the automotive industry. It has been a good start for 2016 and we hope that the momentum can be maintained in the coming months,” said CAMPI President Atty. Rommel Gutierrez.

Total auto sales from January to March of this year hit 76,479 units compared to 62,882 of the previous year.

Commercial vehicles vehicle sales took the largest chunk with a whopping 46,683 units, representing a 23.4% increase from the period time last year.

Light commercial vehicle sales totaled 30,625 units, posting 22.9% gain.

Sales of passenger cars hit 29,796 units in Q1 2016 compared to only 25,051 last year, which is an 18.9% increase.

Asian utility vehicles (AUVs) sales brought up the rear with a 22.9% increase to 13,625 units.

Light trucks sold 1,441 units for a growth of 28.4% while trucks and buses category IV recorded 10.9% growth and category V picked up 97.9% growth for Q1 of 2016.

Month-on-month sales went up by 9.4% from February to March.

Toyota still leads the way followed by Mitsubishi, Ford, Isuzu and Honda.