Philippine auto sales slowed down in August 2019 due to the ‘ghost month’ as the industry sold a total of 32,679 units.
Consolidated sales of Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), Truck Manufacturers Association (TMA), and Association of Vehicle Importers and Distributors (AVID) members totaled to 32,679 units, representing a 5.36% slowdown, selling 1,849 units less than 34,528 unit total the previous month.
"Traditionally, August has been a challenging month for the industry however, we expect a positive turnaround this September until the last quarter of the year as the industry introduces new car models along with more innovative and value-laden offers for car buyers," said Atty. Rommel Gutierrez, CAMPI president.
Passenger car (PC) sales totaled 9,988 units, covering 30.56% of the market. Passenger car sales were down 5.11% from 10,526 units in July. Commercial vehicles (CV) continued to take a larger share of the market at 22,691 units or 69.44% of the market; down 5.46% from 24,002 the previous month.
Light Commercial Vehicles (LCV) led the CV subsegments, comprising 80.92% of CV sales with 18,361 units sold; 4.33% less than last month's 19,192 total. AUV/MPV segment sold 3,236 units, slowing by 10.7% from 3,624. Truck and bus sales were mostly down. Light truck sales decreased by 1.2%, selling a total of 601 units compared to the previous month's 608 unit total. Category 4 Heavy Duty Truck and Bus sales increased to 414 units (+9.8%) compared to last month's 377 units. Category 5 Heavy Duty Truck and Bus slightly dropped to 79 units, (-37.8%) from last month's 127 units. AVID member Hyundai Asia Resources Inc. logged a total of 64 truck units sold, while JAC Automobile International Philippines Inc. did not disclose any figure.
“Supply constraints and the run out of outgoing models of some brands have hampered the industry’s rate of recovery in August. Together with that, the reality of the seasonal trends in the industry continue to hold true despite the boosted sales and marketing campaigns during the off-peak Month of August,” added Gutierrez.
The top five performing manufacturers for the month of August are:
Toyota – 14,120 units (39.89% market share)
Mitsubishi Motors – 5,057 units (15.47% market share)
Nissan – 3,501 (10.71% market share)
Hyundai – 2,539 units (7.77% market share)
Suzuki – 2,149 units (6.58% market share)
After eight months, Toyota Motor Philippines Corporation continues its commanding lead of the market with 38.23-percent. Mitsubishi Motors Philippines Corporation follows in second with 15.69-percent. Nissan Philippines Inc. in a strong third with 10.76%. Hyundai Asia Resources, Inc. is in fourth with 8.51%, and Suzuki Philippines jumps up to fifth overall with 5.82-percent.