CAMPI-TMA vehicle sales enjoy 9% increase in 2024

MANILA: The Chamber of Automotive Manufacturers of the Philippines, Incorporated (CAMPI) and the Truck Manufacturers Association (TMA) were able to deliver 467,252 vehicles to their respective buyers last year.

Based on their consolidated report, the sales performance of the two organizations enjoyed an 8.7-percent growth versus the 429,807 units recorded in 2023.

For the closing month of 2024, CAMPI and TMA were able to hand over 42,044 examples to buyers — a nearly three-percent rise when compared to the 40,898 units sold in November 2024.

Retail performance per category

Majority of the retailed units came from the commercial vehicle segment after selling 346,482 vehicles for the whole 12 months last year. This reflects 74.15-percent of the total CAMPI-TMA sales output. The said number also showed an eight-percent jump from the 320,543 examples sold for the same duration in 2023.

Meanwhile, the passenger car segment held the remaining 25.85 percent with its 120,770-vehicle sales performance from the same period — which is 10.5-percent more than the previous year’s 109,264.

CAMPI-TMA’s Top 10 for 2024

Spearheading the industry’s sales thrust for 2024 Toyota Motor Philippines with 218,019 vehicles sold, — holding nearly half of the groups’ overall retail performance.

Taking the second and third spots respectively were Mitsubishi Motors Philippines Corporation and Ford Motor Philippines.

The distributors of Nissan and Suzuki in the Philippines kept their positions at the fourth and fifth places while Isuzu Philippines Corporation, Honda Cars Philippines Incorporated, and Hyundai Motor Philippines also held on to their spots in the sixth, seventh, and eighth places, correspondingly.

Completing the Top 10 brands under CAMPI and TMA were the SAIC-Motor Philippines-led Morris Garages Philippines and Ayala-led KP Motors Corporation (Kia).

Here are CAMPI-TMA’s top 10 automotive distributors under CAMPI-TMA for 2024, their respective sales output, and their market share.

Company	Vehicles sold (as of December 2024	Market share (in percentage)
Toyota Motor Philippines	218,019	46.66
Mitsubishi Motors Philippines Corporation	89,124	19.07
Ford Group Philippines	27,997	5.99
Nissan Philippines	26,774	5.73
Suzuki Philippines Incorporated	20,371	4.36
Isuzu Philippines Corporation	17,641	3.78
Honda Cars Philippines Incorporated	15,518	3.32
Hyundai Motor Philippines	10,766	2.53
SAIC Motor Philippines	9,016	1.93
KP Motors Corporation	6,692	1.43

Also read:

CAMPI-TMA sales grow 8.9% in Jan.-Oct. 2024

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

CAMPI-TMA enjoys 11% sales growth in Jan.-Jul. 2024