CAMPI-TMA Q3 2024 sales breach 344k-unit mark

The Chamber of Automotive Manufacturers of the Philippines, Incorporated (CAMPI) and Truck Manufacturers Association (TMA) concluded the third quarter of 2024 with a collective retail output of 344,307 units.

Based on their report, the two groups enjoyed a 9.4-percent rise in January to September this year versus the 314,843 vehicles sold for the same timeframe in 2023.

Last month, CAMPI and TMA delivered 39,542 examples to buyers — which is 2.4-percent growth compared to 38,628 units retailed in September 2023 and a one-percent increase from the 39,155 vehicles sold to clients in August 2024.

Continuing to lead the local automotive industry sales is the commercial vehicle segment after collectively retailing 253,542 units in January-September 2024, which accounted for 73.64-percent share of the market. It is also eight percent more compared to the 234,834 examples sold for the same timeline in 2023.

On the other hand, the passenger car category registered 90,765 units sold for the full three quarters of the year — which is equivalent to the remaining 26.36 percent share of the two organizations’ total sales volume.

Per CAMPI President Rommel Gutierrez, the improvement in sales can be attributed to arrival of new stock as well as “improved promotions from the brands.”

No new models were launched last September, which could be due to the anticipated preparation of participants in the upcoming 9th Philippine International Motor Show, which is scheduled next week.

10 best-selling brands under CAMPI-TMA for Sep. 2024

Leading the CAMPI-TMA sales rally for the first nine months of the year is Toyota Motor Philippines with 159,088 units sold — cornering 46.21-percent share of the market.

Taking the second spot is Mitsubishi Motors Philippines Corporation with 66,028 vehicles delivered to customers (19.18-percent market share), followed by Ford Group Philippines at third spot with 21,438 retailed units (6.23 percent).

Nissan and Suzuki’s distributors in the country secured the fourth and fifth posts after the former handed over to clients some 20,322 vehicles (5.90 percent share) while the latter, 14,990 (4.35 percent share).

The sixth, seventh, and eighth sports were taken by Isuzu Philippines Corporation (12,663 units sold, 3.68 percent overall market share), Honda Cars Philippines (11,512 vehicles retailed, 3.34 percent), and Hyundai Motor Philippines (8,690 examples, 2.52-percent).

The SAIC Motors-led Morris Garages Philippines is at the ninth spot for the January-September 2024 timeline with 6,447 units sold.

Rounding up the CAMPI-TMA’s Top 10 is KP Motors Corporation (Kia distributor) with 4,381 vehicles sold for the first nine months of 2024.

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