CAMPI-TMA breaches 'revised' 2023 sales target

Groups' overall sales barely misses 430k-vehicle mark

vehicle volume

The Chamber of Automotive Manufacturers of the Philippines, Incorporated (CAMPI) and Truck Manufacturers Association (TMA) broke the 423,000-unit sales goal for 2023.

KEY TAKEAWAYS

  • How many vehicles did CAMPI-TMA sell in the Philippines last year?

    CAMPI-TMA sold 429,807 units in 2023.
  • How many vehicles did CAMPI-TMA sell in December 2023?

    The groups retailed 39,153 vehicles in December 2023 alone.
  • Based on their joint report, the groups were able to roll out 429,807 units to customers for the full 12-month period last year. The said performance is 21.9-percent higher versus the revised target announced in August 2023.

    EDSA

    Last December alone, CAMPI-TMA delivered 39,153 units to buyers — showing a 3.9-percent growth compared to the 37,683 vehicles sold in November 2023 and a five-percent rise over the 35,271 vehicles sold for the same month the previous year. 

    Sales of commercial vehicles reflected a 20.2-percent spike compared to the 266,699 examples rolled out in the same period last year. Segment-wise, the 320,543-unit retail output had the biggest share for 2023, cornering 76-percent of the local automotive market.

    Meanwhile, 109,264 units under the passenger cars category were handed over to clients last year  — a 27.2-percent jump over the 85,897 units sold from the previous year.

    CAMPI President Atty. Rommel Gutierrez

    “2023 was a very strong year for the industry and we are very excited about 2024. Positive economic outlook, new model introductions and the electrification trend are expected to contribute to a record-breaking sales this year”, CAMPI President Rommel Gutierrez said.

    Toyota Motor Philippines remained the market leader for 2023 with 200,031 units sold (46.54-percent market share), followed by Mitsubishi Motors Philippines Corporation with 78,371 units (18.23-percent portion).

    Ford Motor Philippines served as the third best-selling marque with 31,320 units sold (7.3-percent share); while Nissan Philippines is at fourth spot by delivering 27,136 vehicles (6.3-percent).

    Suzuki Philippines is the group's fifth top-selling car brand with 18,454 units sold (4.3 percent-market share).

    Photos from Ruben Manahan IV

    Also read:

    CAMPI-TMA sales almost reach 353k-unit mark in January-Oct. 2023

    CAMPI-TMA YTD Sept. 2023 sales nearly hits 315k mark

    CAMPI-TMA Aug. 2023 YTD sales improve by 30%

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