AUTO INDUSTRY NEWS

Philippine Auto Sales finish strong 2016 with 3.5% gain in December

Philippine Auto Sales finish strong 2016 with 3.5% gain in December image

Brent Co / AutoIndustriya.com | January 10, 2017 13:55

CAMPI, TMA members sold a total 359,572 units in 2016

Philippine auto sales ended the year on a high note in December 2016. Based on the joint report from Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA), figures for the month of December reached a total figure of 34,101 units, a 3.5% increase when compared to November. Last month's sales represented a significant 27.8% increase compared to the same period last year.

Nearly all vehicle categories performed very well mostly attributed to fulfulment of orders from previous months' sales bookings. Passenger car (PC) sales totaled 12,510 units, covering 36.68% of the market, selling 3.0% more than November 2016 numbers, but 19.6% higher when compared to December 2015. Commercial vehicles continued to capture the bigger chunk of the market at 21,594 units or 63.32% of the market; CV sales were however down by 2.5% compared to the previous month, but 33.1% more than December 2015.

Light Commercial Vehicles (LCV) rallied the Commercial Vehicle sub-segments, comprising 61.97% of CV sales with 14,241 units sold; 10.4% higher compared to the previous month's 12,143 total. AUV/MPV sales were slightly down at 6,290 units, 2.5% less compared to 6,449 last month. Truck sales continue to be brisk with more companies investing in brand new light duty to heavy trucks and buses. Light truck sales dropped sharply by 31.4%, selling a total of 664 units compared to the previous month's 968 unit total. Category 4 Heavy Duty Truck and Bus sales totaled 257 units (-29.6%) compared to last month's 365 units. Category 5 Heavy Duty Truck and Bus bucked the trend with 142 units sold, (+4.4%) compared to last month's 136 units.

The top five performing manufacturers for the month of December are:

1. Toyota – 14,240 units (41.75% market share)

2. Mitsubishi – 5,607 units (16.44% market share)

3. Ford – 3,198 units (9.37% market share)

4. Isuzu – 2,956 units (8.69% market share)

5. Honda – 2,805 units (8.22% market share)

"We are very glad that we were able to surpass the target this year. Successful introductions of new models complemented by various events and promotions enabled us to meet the increasing customers’ demands in an expanding Philippine market," siad by CAMPI president Atty. Rommel Gutierrez.

The total number of units sold by CAMPI and TMA members amount to 359,572 units for 2016; a 24.6-percent increase compared to last year's figure. Toyota Motor Philippines Corporation continues its commanding lead of the market with 44.14-percent. Mitsubishi Motors Philippines Corporation follows in second with 17.08-percent. Ford Motor Company Philippines, Inc. remains in third with 9.37-percent. Isuzu Philippines Corporation is in fourth position with 7.61-percent, with Honda Cars Philippines, Inc. rounding up the top five with 6.45-percent.