Philippine auto sales for the month of April 2019 totaled 29,066 units, as reported by members of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), Truck Manufacturers Association (TMA), and Association of Vehicle Distributors (AVID).
Sales dipped 20.1% from the previous month’s 36,288 unit total, which is due to Japanese brands aggressively pushing sales to close off their fiscal year which ends in March each year.
April sales year-on-year still performed better than last year with both industry groups showing gains.
"April recorded a year-on-year growth of 0.8%, selling 25,799 units against 25,583 units during the same period last year. Sales last month remain erratic on a monthly basis, but we expect that positive growth trend on a yearly basis will continue to improve in the coming months," said Atty. Rommel Gutierrez, CAMPI president.
"We are pleased to finally see growth in the first four months, coming from a lackluster first quarter," said Ma. Fe Perez-Agudo, AVID president. "The strong April performance signifies that demand for automotive vehicles is slowly increasing, eventually leading to what we forecast as a strong industry recovery."
Passenger car (PC) sales totaled 9,359 units, covering 32.2% of the market. Commercial vehicles (CV) continued to take a larger share of the market at 19,707 units or 67.8% of the market.
Light Commercial Vehicles (LCV) led the CV subsegments, comprising 83.28% of CV sales with 16,412 units sold; 20.92% less than last month's 20,755 total. AUV/MPV segment sold 2,178 units, down 20.88% from 2,753. Truck and bus sales were mostly up. Light truck sales dropped 31.75%, selling a total of 533 units compared to the previous month's 781 unit total. Category 4 Heavy Duty Truck and Bus sales went down to 381 units (-27%) compared to last month's 522 units. Category 5 Heavy Duty Truck and Bus slid to 92 units, (16.36%) from last month's 110 units. AVID members Hyundai Asia Resources Inc. and JAC Automobile International Philippines Inc. logged a total of 111 truck units sold.
The top five performing manufacturers for the month of April are:
1. Toyota – 11,406 units (39.24% market share)
2. Mitsubishi Motors – 4,754 units (15.74% market share)
3. Hyundai – 2,795 units (9.3% market share)
4. Nissan - 2,109 (7.36% market share)
5. Ford– 2,094 units (7.2% market share)
Toyota Motor Philippines Corporation continues its commanding lead of the market with 35.44-percent. Mitsubishi Motors Philippines Corporation follows in second with 16.13-percent. Nissan Philippines Inc. in a strong third with 10.57%. Hyundai Asia Resources, Inc. is in fourth with 10.02%, and Ford Philippines in fifth position with 6.06-percent.