CAMPI-TMA Jan.-Apr. 2023 sales improve by 28%

The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) experienced a 28.1-percent increase in sales for the full four months of 2023 compared to the same period last year.

Based on their joint report, the two groups had a collective sales output of 127,927 units for January to April 2023 versus the 99,903 examples rolled out to customers within the same time frame in the previous year.

Continuously providing the bulk for the strong performance is the commercial vehicle segment, which sold 95,857 units for the aforementioned duration in 2023. The number, which is nearly three-fourths of the total year-to-date (YTD) sales, reflected a 27.3-percent rise over the 75,321 vehicles sold to clients in January-April 2022.

On the other hand, the retail performance of the passenger car division (which holds the remaining 25.07 percent of the overall volume) went up to 32,070 units. It is 30.5-percent more compared to the 24,582 vehicles handed over to clients in the same period in 2022.

For April alone, CAMPI-TMA sales reached 30,643 units, which is barely 17-percent less than the 36,880 vehicles sold in March 2023 but 21.8-percent higher in comparison to April last year’s 25,149 performance.

“The improving economic indicators, which in fact remain favorable until the end of the year, according to a government report is an essential metric for the continued growth of the auto industry. At the same time, this is perfectly timed with the market availability of a wider range of motor vehicle models being offered by our members, responding to the growing needs of customers,” CAMPI President Atty Rommel Gutierrez was quoted as saying.

“As the economic outlook remains favorable, the auto industry is optimistic to attain full recovery from the pandemic-induced challenges – well-positioned to grow to significant levels, even higher than the pre-pandemic figures. It is worth noting that the industry has already recorded this growth trajectory in the past four months compared with the 2019 levels,” he added.

Continuing to lead the sales rally for the local automotive industry is Toyota Motor Philippines with 59,328 units sold (46.38-percent market share). Securing the second place is Mitsubishi Motors Philippines Corporation with 23,378 vehicle sales (18.27-percent share).

Sitting at the third spot is Nissan Philippines with a share of the 6.65 percent market for its 8,510-unit output. On close fourth is Ford Philippines, cornering 8,069 units in the total April 2023 YTD sales while Honda Cars Philippines Incorporated is at fifth place with 5,901 units turned over to customers.

Photos from Ruben Manahan IV

Also read:

CAMPI-TMA YTD sales grow by 30% in Q1 2023

CAMPI-TMA Feb. 2023 sales up by 34%

CAMPI, TMA sales nearly hit 30k-mark in Jan. 2023