The Philippine automotive industry continues to deliver positive sales performance as it registered 29,967 units sold last July 2016. According to the joint report by the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and the Truck Manufacturers Association (TMA), the local auto sales last month is 22% higher than July 2015, which posted 24,569 units sold.
CAMPI and TMA said sales from both the Passenger Car (PC) and the Commercial Vehicle (CV) segments have increased in the previous month as compared to the same period last year. The PC segment yielded 11,230 units, a 9.9% growth from 10,221 units last July 2015. On the other hand, the CV segment delivered a notable 30.6% increase year-on-year with 18,737 units as compared to 14,348 units sold in 2015.
The CV segment’s Category 2 (Light Commercial Vehicle) achieved a 36.2% increase with 11,982 units from 8,798 units last July 2015. Category 5 (Heavy Duty Trucks and Busses) vehicles also posted a 34.6% growth with 171 units from 127 units last year. Lastly, Category 1 (AUV) vehicles registered a 22.5% boost in sales with 5,767 units as compared to 4,709 units.
With appealing financial plans and continuous marketing efforts, we were able to outshine our record in July 2015. A chunk of last month’s sales records was due to arrival of the past month’s demands. We expect to keep up with the market for the second half of 2016,” said CAMPI President Atty. Rommel Gutierrez.
CAMPI and TMA also reported that the year-to-date local automotive sales has already reached 197,448 units. In line with this, Toyota Motor Philippines Corporation remains on the top spot with 43.63% market share followed by Mitsubishi Motors Philippines Corporation with 18%. Ford Motor Company Philippines, Inc. sits in at third with 9.88% market share while Isuzu Philippines Corporation takes the fourth spot with 7.77%. Honda Cars Philippines, Inc. completes the top 5 automotive manufacturers with 6.51% market share.