In 2014 the Philippine automotive industry reached a record high 269,841 units sold based on reports by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), the Truck Manufacturers Association (TMA) and the Association of Vehicle Importers and Distributors (AVID).
So how does the performance of the Philippine automotive industry compare to the other countries in the ASEAN region? Check out our table below.
As you can see from the table, Thailand -the long standing automotive powerhouse in ASEAN- has been dethroned after Indonesia was able to sustain their sales performance in 2013 by tallying 1,208,019 new vehicles sold in 2014 based on the report by Gaikindo (the Association of Indonesia Automotive Industries). The number is actually just a little bit short of Gaikindo's target of 1.250 million cars for 2014 and represents a 1.8% dip in sales compared to 2013's 1,229,901 units.
Based on the report by the Federation of Thai Industries (FTI), the automotive industry of Thailand sold 881,832 units (including imported cars) in 2014. That number may sound like a lot, but in reality it is a 33.7% drop from 2013, a year wherein 1,330,672 new vehicles were sold. The huge drop of 448,840 units (a number that exceeds the Philippines's annual volume) can be attributed to the political unrest that took place in Thailand last year.
Malaysia is in third place in ASEAN based on the Malaysian Automotive Association (MAA). Vehicle sales in Malaysia yielded a total of 666,465 units in 2014; a modest 1.6% growth over 2013, wherein the Malaysian auto industry sold 655,793 units.
The Philippines is in fourth place in ASEAN with 269,841 units. The annual sales figure of the Philippine auto industry in 2014 represents a 27.1% growth over the cumulative sales from the year prior at 212,281 (2013).
In fifth is Vietnam. According to the Vietnam Automobile Manufacturer's Association (VAMA), their industry sold 157,810 vehicles in 2014, a huge leap forward when compared to 2013's 98,649 units as reported to the ASEAN Automotive Federation.
In sixth is Singapore with 47,443 units sold in 2014; a feat considering the size of the island and represents 39.1% growth. Also of note is that the number of cars sold in Singapore last year is about 2,000 units less than the older cars that were de-registered given the strict legislation on Certificates of Entitlements (COE) for automotive ownership.
In seventh place is Brunei, as the industry there reported 18,124 units in 2014, a 2.7% dip compared to 2013.
There is, however, no data immediately available regarding vehicle sales volume in Cambodia, Laos and Myanmar.
Sources: AAF, CAMPI, TMA, AVID, VAMA, MAA, FTI, Gaikindo, MTA, Borneo Bulletin