AUTO INDUSTRY NEWS

Combined PH auto industry sales May 2014: strong growth continues

Combined PH auto industry sales May 2014: strong growth continues image

Text: Vince Pornelos / Photos: | posted June 13, 2014 16:06

104,264 units sold so far

After tabulating the combined sales of the Chamber of Automotime Manufacturers of the Philippines, Inc. (CAMPI), the Truck Manufacturers Association (TMA) and the Association of Vehicle Importers and Distributors, Inc. (AVID), the Philippine automobile industry has garnered a 23.5% growth in May 2014 versus the same month last year. In May 2013, the combined sales of AVID, CAMPI and TMA was at 18,475 units while sales from May 2014 accounted for 22,784 units (see erratum below).

The clear leader in sales was Toyota Motor Philippines, garnering a record high 9,132 units in May 2014 versus 6,204 units in May 2013. Toyota's surge accounds for a 47.2% growth in sales versus the same period last year.

Mitsubishi sustained their numbers at 4,120 units versus 4,063 units in May last year, earning them second overall. Hyundai has returned to form by selling 2,094 units versus 1,708 units in May 2013 for a solid third place. Ford is keeping with their strong pace of growth (39.1%) in fourth place by selling 1,711 in May 2014 compared to 1,230 in May 2013. Isuzu has now moved up to fifth with 1,119 units sold versus 1,009 sold in May 2013 while Honda sells 934 units for sixth overall.

In terms of considerable growth, Mazda is still on their upward surge with 309 units sold at a growth rate of 122.3%. As stated Toyota is at 47.2% growth, followed by Chevrolet at 700 units for 42.9% and Kia with 803 units at 42.6% growth.

Overall the Philippine automotive industry has sold a total of 104,264 units from January to May 2014, a 21.4% rise over the 85,886 units sold during the same period last year.

Note: CAMPI members marked in blue, AVID members marked in yellow

Erratum: Mercedes-Benz sold 33 units in May while Chrysler, Jeep and Dodge sold 31, giving CATS Motors a combined total of 64 and not 97. Industry total sales is now at 22,784.