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

Year-to-date sales of Chamber of Automotive Manufacturers of the Philippines Incorporated (CAMPI) and the Truck Manufacturers Association (TMA) for the full 10 months of 2023 has reached 352,971 units.

Based on their consolidated report, the sales performance for the aforementioned time frame reflected a 25.9-percent growth compared to the 280,300 vehicles rolled out to clients for January-October 2022.

In October 2023 alone, the groups’ joint sales figures were at 38,128 examples — 18.6-percent higher when compared to the same month last year but 1.3-percent less than September 2023’s output of 38,628 units.

The commercial vehicle category continues to lead the local automotive sales performance by holding 74.47 share of the market. In January-October 2023, sales for models under the said segment reached a total of 262,875 units, which displayed a 24-percent increase over the 211,948-vehicle total garnered for the same duration the previous year.

Last month, the segment turned over 28,041 examples — 3.5-percent lower than September 2023’s 29,070-unit sales performance but is almost 18-percent more as against the 23,852 vehicles delivered in October 2022.

Meanwhile, the passenger car segment was able to deliver 90,096 units to customers in January-October 2023 — a 31.8-percent rise over the 68,352 vehicles delivered to buyers over the same time frame last year.

Per CAMPI President Rommel Gutierrez, vehicle sales were sustained by aggressive marketing activities and supply improvement across all brands. “Consumer appetite is high, and sales are driven by continued pent-up demand, which is also supported by easier access to credit,” Gutierrez said.

He also said that the industry is on track to full recovery to pre-pandemic levels. “We already achieved 83 percent of our 2023 forecast in October; with sustained demand, we are confident that we can achieve 423,000 units sales by year-end,” he noted.

Tallying the biggest share of Philippine automotive sales is still Toyota Motor Philippines with 162,229 units sold (46 percent), followed by Mitsubishi Motors Philippines Corporation with 65,192 (18.5 percent).

Following the two is Ford Motor Company Philippines with 26,003 vehicles sold, (7.4-percent share).

Meanwhile, taking the fourth and fifth spots are Nissan Philippines with 22,268 units (6.3 percent) and Suzuki Philippines with 15,062 examples (4.3 percent).

Photos from Ruben Manahan IV

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