The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) reported that the local automotive industry yielded 32,993 units sold, a 36% increase, last June 2016.
June 2016 passenger car sales went up by 21.5%, achieving 11,951 units sold. As for year-to-date sales (January 2016 to June 2016), the passenger car segment posted a total of 62,560 units, that’s around 18.5% increase over the same period last year.
On the other hand, the commercial vehicle segment likewise grew by 46.7% last month with 21,042 units sold. Looking at its year-to-date sales record, the segment has now sold a total of 104,921 since January, a 33.3% improvement as compared to the same period in 2015.
As of this writing, Toyota Motor Philippines Corporation still remains as the highest-selling automotive brand in the country with 43.4% market share. They’re followed by Mitsubishi Motor Philippines Corporation with 18.1% and Ford Motor Philippines with 10%. Isuzu Philippines Corporation, on the other hand, sits in fourth place with 7.9%.
There has been a sustained growth since the start of the year. We remain confident in achieving our initial target for the year with continued supply of vehicles, attractive promos and affordable financing scheme, among others,” said CAMPI President Atty. Rommel Gutierrez.
His statement holds strong as seen in the industry’s overall sales performance since the start of 2016. From January to June this year, a total of 167,481 units have already been sold nationwide.