CAMPI-TMA 2023 H1 sales breach 200k-unit mark

Overall sales of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) have breached the 200,000-unit mark in the first half of 2023.

Based on the joint report, the two groups collectively retailed a total of 202,415 examples in the full six months of the year — reflecting a nearly 31-percent increase compared to the 154,874 vehicles sold during the same period in 2022.

For the month of June alone, CAMPI and TMA turned over 36,311 units to their customers — a five-percent slowdown versus May 2023’s 38,177-example output. However, for the same month last year, it showed a 27-percent growth.

Continuing to drive the groups’ year-to-date sales performance is the commercial vehicle segment, which comprise three-quarters of the total number. A total of 151,567 vehicles under the aforementioned category were handed over to clients during the aforementioned timeline.

Meanwhile, 50,848 vehicle passenger cars were purchased from the groups’ members in January-June 2023. The year-to-date number is 25.12-percent more versus the 39,003 units retailed in the same period the previous year.

 “The auto industry has maintained double-digit positive growth anew by 27-percent in June – a reflection of improved consumer spending for big-ticket items amidst the significant market for new motor vehicle sales, the main growth anchor of the industry. Rightfully so, demand for motor vehicles that respond to the needs of the customers will yield strong gains for the industry,” CAMPI President Atty. Rommel Gutierrez said.

“The CAMPI-TMA sales of 202,415 units recorded year-to-date, equivalent to 30.7-percent increase from the same period a year ago, sends a strong signal of sustained optimism for the industry as we welcome the second half of the year. Maintaining this level of growth on a monthly basis, the industry has indeed high hopes of achieving or even exceeding its sales target for this year,” he added.

Still leading the sales figures for January-June 2023 is Toyota Motor Philippines with 93,575 units, trailed by Mitsubishi Motors Philippines Corporation with its 37,001-example contribution.

On third spot is Ford Motor Philippines with its 13,838-vehicle turnover, while Nissan Philippines and Honda Cars Philippines secured the fourth and fifth spots with 13,169 and 8,668 units, respectively.

Photos from Ruben Manahan IV

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