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

The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) enjoyed a 30-percent growth on its combined first quarter year-to-date sales compared to the same period in 2022.

Based on their joint report, the groups experienced a consolidated retail output of 97,284 units for the first three months of 2023, as against the 74,754-sales performance for the same period last year.

Majority of the vehicles retailed during the first quarter of 2023 came from the commercial vehicle segment with 72,531 units sold, cornering nearly 75 percent of the market). The volume is 28.5 percent higher than the 56,431 examples turned over to customers for the same period in 2022.

Meanwhile, it was the groups’ passenger car division that showed a bigger improvement in terms of percentage. As seen on the data provided, CAMPI-TMA collectively had 24,753 examples rolled out to clients in the initial quarter of the year, reflecting a 35.1-percent growth over the 18,323-unit turnout for the same period last year.

In March 2023 alone, CAMPI-TMA had 36,880 vehicles handed over to customers, which is 19-percent higher than the February 2023 retail performance of 30,905. It also reflected a 24.2-percent increase versus the 29,685 units sold in March 2022.

CAMPI President Atty. Rommel Gutierrez considered the March 2023 sales data as “good news” as the auto industry “continues to hinge on the thriving consumer demand for new motor vehicles, which hopefully will further improve in the coming months.” “In the same way, favorable economic conditions are also an important driving factor for sustained growth,” the group leader stated.

“It is worth noting that the March 2023 sales performance is the second highest monthly performance in a post-pandemic time, after the more than 37,000-unit sales level recorded in December last year,” Gutierrez added.

Toyota Motor Philippines continues to lead the groups’ sales rally with 42,205 units sold, followed by Mitsubishi Motors Philippines Corporation with 17,765. In third and fourth spots are Nissan Philippines (6,396), Ford Philippines (5,893).

Honda Cars Philippines Incorporated managed to climb to fifth place after its 4,661-unit output, pushing Suzuki Philippines to sixth place with 4,479 examples sold.

Photos from Ruben Manahan IV

Also read:

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

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CAMPI-TMA YTD sales grow 31% in Nov.