Philippine Auto Sales increase by 1.08% in September 2016

Philippine Auto Sales increase by 1.08% in September 2016 image

Text: Eric Tipan / Photos: | posted October 13, 2016 14:55

Auto sales post 16.2-percent increase from same month last year

Philippine auto sales continued its upward trend in September 2016 based on a joint report by Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA).  Automotive industry members sold a total of 31,451 units across all segments, which represents a 1.08-percent increase from the previous month, and 16.2-percent increase compared to September last year.

Buoyed by the very successful staging of the 6th Philippine International Motor Show, sales of passenger cars (PC) zoomed to 12,110 units (38.5%) last month, representing a 8.7-percent increase compared to previous month and a 13.1-percent increase versus September 2015. Commercial vehicles (CV) sales totalled to 19,341 units (61.5%), a slight 1.85-percent gain compared to the previous month.

In the Commercial Vehicle sub-segments, Light Commercial Vehicles logged 12,174 units sold, inching forward from the previous month's 12,015 unit figure (+1.3%). The AUV/MPV class posted 5,945 units sold, growing by 3.8% versus last month's 5,734 units. Light Truck sales totalled 754 units compared to last month's 748 units, a 0.7-percent increase. Category 4 Heavy Duty Truck and Bus sales were up by 10-percent to 330 units from the previous month's 300 units. Category 5 Heavy Duty Truck Bus sales were meanwhile down with 129 units compared to last month's 192 units (-48.8%).

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

1. Toyota - 14,458 units (45.97% market share)

2. Mitsubishi - 4,917 units (15.63% market share)

3. Ford - 2,647 units (8.42% market share)

4. Honda - 2,520 units (8.01% market share)

5. Isuzu - 2,180 units (6.93% market share)

“With continued strong market demand and enough supply and new model introductions during the Sixth Philippine International Motor Show last September, third quarter sales remained strong. We expect sustained growth as we enter the fourth quarter,” according to Atty. Rommel Gutierrez, President of CAMPI.

The total number of units sold by CAMPI and TMA members amount to 261,370 units, nine months into 2016; a 26.7-percent increase compared to last year's figure. Toyota Motor Philippines Corporation continues to enjoy the lion’s share of the market with 43.78-percent. Mitsubishi Motors Philippines Corporation follows in second with 17.34-percent. Ford Motor Company Philippines, Inc. remains in third with 9.56-percent. Isuzu Philippines Corporation is in fourth position with 7.4-percent, with Honda Cars Philippines, Inc. rounding out the top five with 6.51-percent.