AUTO INDUSTRY NEWS

Philippine Auto Sales gain 5.9% in November 2016

Philippine Auto Sales gain 5.9% in November 2016 image

Brent Co / AutoIndustriya.com | December 08, 2016 17:23

Total industry sales expected to reach 400,000 units by end of 2016

Philippine auto sales gained ground in November 2016 achieving a total figure fo 32,966 units (+5.9%) compare to October based on the join report from Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA). Last month's sales represented a significant 22.2% 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 12,143 units, covering 36.83% of the market, selling 5.6% more than October 2016 numbers, but 22.2% higher when compared to November 2015. Commercial vehicles continued to capture the bigger chunk of the market at 20,823 units or 63.17% of the market; CV sales were up 6.1% compared to the previous month, and 27.5% more than October 2015.

The Commercial Vehicle sub-segments were still led by Light Commercial Vehicles (LCV), comprising 61.97% of CV sales with 12,905 units sold; 7.4% higher compared to the previous month's 12,020 total. AUV/MPV sales were also upbeat at 6,449 units, growing 3.5% compared to 6,231 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 gained 15%, selling a total of 968 units compared to the previous month's 842 unit total. Category 4 Heavy Duty Truck and Bus sales totaled 365 units (+5.2%) compared to last month's 347 units. Category 5 Heavy Duty Truck and Bus bucked the trend with 136 units sold, (-29.5%) compared to last month's 193 units.

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

1. Toyota – 15,275 units (46.34% market share)

2. Mitsubishi – 5,547 units (16.83% market share)

3. Ford – 3,027 units (7.93% market share)

4. Isuzu – 2,572 units (7.38% market share)

5. Honda – 1,608 units (5.69% market share)

"The good sales performance last November was because of enticing promotions and events matched with good demands of our market. With the robust demand, especially this Christmas season, we expect a stable to higher sales by December," explained by CAMPI President Atty. Rommel Gutierrez.

The total number of units sold by CAMPI and TMA members amount to 325,468 units for eleven months of 2016; a 24.3-percent increase compared to last year's figure. Toyota Motor Philippines Corporation continues its commanding lead of the market with 44.39-percent. Mitsubishi Motors Philippines Corporation follows in second with 17.14-percent. Ford Motor Company Philippines, Inc. remains in third with 9.37-percent. Isuzu Philippines Corporation is in fourth position with 7.50-percent, with Honda Cars Philippines, Inc. rounding up the top five with 6.27-percent.