CAMPI-TMA May YTD retail numbers up by 13%

The Chamber of Automotive Manufacturers of the Philippines Incorporated (CAMPI) and the Truck Manufacturers Association (TMA) is inching closer to its 468,300-unit sales goal for 2024 after selling 187,191 vehicles for the first five months of the year.

The said figures — shared by the two groups in their consolidated report — showed a 12.7-percent rise compared to the same period in 2023.

For May 2024 alone, members of the two organizations were able to collectively retail 40,271 examples, which is 7.9-percent more than April 2024’s 37,314-vehicle sales performance and 5.5-percent better than the May 2023’s 38,177 vehicles sold.

Taking the 73.69 percent share of the overall local automotive market is the commercial vehicle segment after 137,944 examples were delivered to customers in the past five months. The numbers showed an 11-percent growth from the 124,242-units turned over to buyers during the same period the previous year.

On the other hand, vehicles under the passenger car category had a total of 49,247 units sold. The number of vehicles delivered to customers had a 17.6-percent growth over the 41,862 units handed over to buyers in the same period for 2023.

Per CAMPI President Atty. Rommel Gutierrez, the continuing rise in sales can be attributed to the improvements in the supply and good consumer demand, combined with the increase in automotive financial options and extensive sales activities.

Maintaining its wide lead against all brands in the country is Toyota Motor Philippines with its market share of 46.08 percent (86,257 vehicles sold). Trailing it is Mitsubishi Motors Philippines Corporation as it held 18.78 percent share of the overall local sales volume (35,146 units).

At the third spot is Ford Group Philippines with 12,241 vehicles sold (6.54 percent) followed by Nissan Philippines with 11,559 examples turned over to buyers (6.17 percent).

Placing fifth is Suzuki Philippines with 7,975 units sold — controlling 4.26 percent of the market.

Photos from Ruben Manahan IV

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CAMPI-TMA Apr. YTD retail performance grow 15%

CAMPI-TMA breaches 'revised' 2023 sales target

CAMPI-TMA Nov. YTD sales up by 24%