After celebrating a banner year in 2016, it looks like the Philippine Auto Industry will once again have reason to rejoice as auto sales are up compared to last year’s figures. As we mark the first half of 2017, the Chamber of Automotive Manufacturers of the Philippines Inc (CAMPI) and the Truck Manufacturers Association (TMA) both report higher sales in their respective segments, vis-à-vis the same period in 2016.
Total sales for the month of June 2017, for instance, amounted to 37,631 units. This is a 14.1% increase over June 2016’s 32,993 vehicles. This brought total first half 2017 sales volumes to 196,164 cars and commercial vehicles.
Of this number, some 13,677 Passenger Cars were sold, for a 14.4% rise over the same period last year (with 11,951 cars). This puts PC sales for the first half of 2017 at 67,180 units, translating to a 34,25% industry sales slice of the pie. .
It is the Commercial Vehicle (CV) segment, however, that continues to dominate, with 23,954 SUVs. AUVs, and the like sold for the month of June 2017 alone. Year-to-date sales for the CV segment is pegged at 128,984 units, or 65,75% of total industry volume.
As for specific manufacturers, Toyota Motor Philippines continues to rule the roost with 42,73% market share, while Mitsubishi Motors Philippines Corporation came in second with 19.11% share. The top five is rounded out by Isuzu Philippines Corporation coming in third, Ford Philippines at fourth spot, and Nissan Philippines Inc taking fifth place.
Industry officials credit well-stocked dealer inventory, quick delivery of units, and a more aggressive dealer push for the improved sales performance.
