Philippine auto sales rebounded in September 2019 with an industry total of 34,855 units. Industry members attribute the growth to positive economic trends which have led to increased consumer demand for passenger and commercial vehicles.
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 34,855 units, representing a 6.6% increase, selling 2,158 units more than 32,697 unit total the previous month.
"CAMPI has expected this recovery coming into the last quarter of the year. September is traditionally the start of an upward trend in sales as the public begins to spend for the upcoming holiday season," said Atty. Rommel Gutierrez, CAMPI president.
Passenger car (PC) sales totaled 11,154 units, covering 32% of the market. Passenger car sales went up 11.67% from 9,988 units in August. Commercial vehicles (CV) continued to take a larger share of the market at 23,701 units or 68% of the market; up 4.45% from 22,691 the previous month.
Light Commercial Vehicles (LCV) led the CV subsegments, comprising 80.92% of CV sales with 19,037 units sold; 3.68% more than last month's 18,361 total. AUV/MPV segment sold 3,341 units, gaining 3.24% from 3,236. Truck and bus sales were mostly down. Light truck sales jumped 25%, selling a total of 751 units compared to the previous month's 601 unit total. Category 4 Heavy Duty Truck and Bus sales increased to 388 units (-6.3%) compared to last month's 414 units. Category 5 Heavy Duty Truck and Bus slightly spiked to 131 units, (+65.8%) from last month's 79 units. AVID member Hyundai Asia Resources Inc. logged a total of 53 truck units sold, while JAC Automobile International Philippines Inc. once again, did not disclose any figure.
“Indeed, we welcome this positive growth as this is a good indicator of the increasing and widening demand for vehicles that have been the trademark of our industry. We are optimistic that the industry is well-positioned and prepared to progressively get back on track towards strong positive growth in the coming months,” added Gutierrez.
The top five performing manufacturers for the month of September are:
Toyota – 13,403 units (38.45% market share)
Mitsubishi Motors – 4,973 units (14.27% market share)
Nissan – 4,768 (13.68% market share)
Hyundai – 2,371 units (6.8% market share)
Suzuki – 2,174 units (6.24% market share)
After nine months, Toyota Motor Philippines Corporation continues its commanding lead of the market with 38.25-percent. Mitsubishi Motors Philippines Corporation follows in second with 15.52-percent. Nissan Philippines Inc. in a strong third with 11.10%. Hyundai Asia Resources, Inc. is in fourth with 8.31%, and Suzuki Philippines remains up to fifth overall with 5.87-percent.