Philippine auto sales managed another 6.5% increase in October 2018, month-on-month, sustaining gains from the tail end of Q3. The latest consolidated report from the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed a 33,150 unit sales total for the month.
New model launches, stock arrivals, the recently concluded 7th Philippine International Motor Show, and promos jointly contributed to the positive movement in passenger car and light commercial vehicle segments.
Compared to the previous year, October 2018 sales were still 9.2% down from last year’s 36,511 unit total. Total industry volume for the first ten months of the year is still down by 13.3% compared to the same period last year.
Passenger Car sales were mostly flat with a 0.3% gain totaling 9,444 units, covering 28.49% of the market. Commercial Vehicles sales were all up with a 9.4% gain totaling 23,705 units, representing the bulk of the market with 71.51%.
Light Commercial Vehicles (LCV) such as vans, pickups, and SUVs led the CV subsegments, comprising 79.71% of CV sales with 18,896 units sold; moving 7.2% more than last month's 17,626 total. The AUV/MPV segment, on the other hand, sold 3,409 units, up by 16.5% from 2,926. Truck and bus sales went upstream as light truck sales jumped 26.3% for a total of 721 units compared to the previous month's 571 units. Category 4 Heavy Duty Truck and Bus sales totaled 546 units (+29.7%) compared to last month's 456 units. Category 5 Heavy Duty Truck and Bus sold 134 units, (+2.3%) compared to last month's 131 units.
"The positive growth was largely due to aggressive market promotions and availability of new model units in line with the recently concluded 7th Philippine International Motor Show (PIMS). We remain optimistic that sales growth will be sustained in November, as we expect more sales from PIMS will be delivered this month," said Atty. Rommel Gutierrez, CAMPI president.
The premium segment was mostly down, Lexus (LMI) however, surged to the top of the board with 60 vehicles sold. Mercedes-Benz (ANG) edged down with 47 units sold, BMW (SMC-ACDC) follows in third with 25 units, and Jaguar-Land Rover (CMC) with 7 units in fourth.
Sales performances were positive for most brands. The top 3 advancers*: Mazda (BAPI) saw an increase of 17.9% following the introduction of new models, Toyota (TMP) gained by 17.7% and Suzuki (SPI) sales went up by 14.2% with the arrival of new stocks of CBU models.
However, some marques saw slight trims in their monthly sales figures. Top three decliners*: Ford (FGP) with a 5.8% decline, Nissan (NPI) continued its slow down at 5.4%, and Mitsubishi (MMPC) sales declined by 4.8%.
*only brands selling more than 100 units per month were included.
The top five performing manufacturers for the month of October are:
1. Toyota – 14,927 units (45.03% market share)
2. Mitsubishi – 6,004 units (18.11% market share)
3. Nissan – 3,703 units (11.17% market share)
4. Honda – 2,059 units (6.21% market share)
5. Suzuki – 1,974 units (5.95% market share)
In year-to-date sales, Toyota Motor Philippines Corporation continues its commanding lead in the market with 42.26-percent. Mitsubishi Motors Philippines Corporation follows in second with 19.24-percent. Nissan further improves on its third position standing with 9.59-percent. Ford remains in fourth with 6.71-percent and Honda Cars Philippines, Inc. rounds up the top five with 6.62-percent.