According to the combined report of the Chamber of Automotive Manufactures, Inc. (CAMPI) and Truck Manufacturers Association (TMA), the local auto industry closed May 2016 with a total of 30,317 units sold - a stronger performance compared to May 2015’s sales of 27,697 units.
The report stated that sales for both the Passenger Car (PC) and the Commercial Vehicle (CV) segments went up last month. On one hand, the PC segment registered a total of 10,893 units, a 14% increase over last year’s 9,556 units. The CV segment, on the other hand, recorded a total sales figure of 19,424 units which equates to 43% increase over last year’s 13,583 units.
Of note, Toyota Motor Philippines Corporation is still the best-performing automotive manufacturer in the country with a market share of 42.95%. Next are Mitsubishi Motor Philippines Corporation and Ford Motor Company Philippines with 18.29% and 10.38% market shares, respectively. Taking the 4th spot is Isuzu Philippines Corporation with a market share of 8.04%, while Honda Cars Philippines, Inc. lands 5th with 6.69% of market share.
“With another impressive sales figure, we can see that there has been continuous demand for mobility. We expect new models to reach more markets with positive response as we also look at July figures to have a stable to higher sales performance,” said CAMPI President Atty. Rommel Gutierrez.
By comparison, 2015’s year-to-date sales reached over 107,280 units, but that was beaten by this year’s January-to-May sales record of 134,488 units.
Latest News
-
Xiaomi’s second car revealed as 681 hp crossover / News
Smartphone giant Xiaomi is making further strides into China’s EV market with the unveiling of its latest model, the YU7 crossover.
-
Mitsubishi Triton wins Design Award at Japan Car of the Year / News
If you’re a fan of rugged-looking trucks, Mitsubishi’s all-new Triton has something to celebrate. It just bagged the Design Car of the Year award at the 2024-2025 Japan Car of the Year award...
-
Hyundai previews the next generation of the Palisade / News
Now that the next-gen Santa Fe has launched, Hyundai is preparing a major overhaul for its bigger brother, the Palisade.
Popular Articles
-
Cheapest cars under P700,000 in the Philippines
Jerome Tresvalles · Sep 02, 2024
-
First car or next car, the Ford EcoSport is a tough package to beat
Jun 18, 2021
-
Car Maintenance checklist and guide – here’s everything you need to know
Earl Lee · Jan 12, 2021
-
Most fuel efficient family cars in the Philippines
Bryan Aaron Rivera · Nov 27, 2020
-
2021 Geely Okavango — Everything you need to know
Joey Deriquito · Nov 19, 2020
-
Family cars in the Philippines with the biggest trunks
Sep 20, 2023
-
Head to head: Toyota Rush vs. Suzuki XL7
Joey Deriquito · Oct 28, 2020
-
Why oil changes are important for your car
Earl Lee · Nov 10, 2020
-
2021 Kia Stonic — What you need to know about it
Joey Deriquito · Oct 16, 2020
-
Top 7 tips for buying a used car in the Philippines
Joey Deriquito · Nov 26, 2020