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 38,006 units in November 2019, representing a nearly-flat 0.46% increase, selling 175 units more than 37,831 unit total the previous month.
“Despite the minimal 0.46% increase compared to October 2019 sales figures is still a positive sign of continuous sustained demand. The November sales performance is now recorded with the highest monthly sales for the industry so far this year. It is also the second successive month that CAMPI and TMA posted record-breaking sales further reinforcing the upward trend the automotive industry is tracking towards the end of the year,” said Atty. Rommel Gutierrez, CAMPI president.
Passenger car (PC) sales totaled 11,042 units, covering 29.05% of the market. Passenger car sales went down 4.17% compared to 11,526 units in September. Commercial vehicles (CV) continued to take a larger share of the market at 26,964 units or 70.95% of the market; up 2.49% from 26,305 the previous month.
Light Commercial Vehicles (LCV) led the CV subsegments, comprising 76.04% of CV sales with 20,503 units sold; 1.39% more than last month's 20,222 total. AUV/MPV segment sold 5,253 units, gaining 2.5% from 4,780. Truck and bus sales were mostly down. Light truck sales declined 11.9%, selling a total of 647 units compared to the previous month's 734 unit total. Category 4 Heavy Duty Truck and Bus sales went up to 417 units (+1.67%) compared to last month's 385 units. Category 5 Heavy Duty Truck and Bus remained flat at 144 units.
Sales performance was mostly positive for most brands in November. The top 3 advancers*: Mercedes-Benz (ANG) sales jumped by 35.1%, Kia (ACPI) went up 24.3%, Mitsubishi (MMPC) gained 18.8%, Top three decliners for November* were Hino (HMP) with a 17% drop, Nissan (NPI) with a 11.6% decline, and Toyota (TMP) down by 4.7%.
The industry is nonetheless optimistic towards its annual sales target for the year.
“We are continuously working double time to achieve the industry’s overall sales target of 410,000 units which we believe remains achievable,” shares Gutierrez.
The top five performing manufacturers for the month of November are:
Toyota – 15,545 units (40.90% market share)
Mitsubishi Motors – 6,542 units (17.21% market share)
Nissan – 3,268 (8.59% market share)
Hyundai – 2,981 units (7.84% market share)
Suzuki – 2,401 units (6.32% market share)
After eleven months, Toyota Motor Philippines Corporation continues its commanding lead of the market with 39.03-percent. Mitsubishi Motors Philippines Corporation follows in second with 15.59-percent. Nissan Philippines Inc. in a strong third with 10.71%. Hyundai Asia Resources, Inc. is in fourth with 8.2%, and Suzuki Philippines remains up to fifth overall with 5.91-percent.