CAMPI-TMA YTD Sept. 2023 sales nearly hits 315k mark

The Chamber of Automotive Manufacturers of the Philippines, Incorporated (CAMPI) and Truck Manufacturers Association (TMA) were able to sell 314,843 vehicles for the full nine months of 2023.

As shared in their consolidated report, the groups enjoyed a 26.9-percent increase compared to the same period last year when they delivered 248,154 units to clients.

For September 2023 alone, vehicle sales reached 38,628 units — reflecting a 5.2-percent when compared to last August’s 36,714-example tally, and 9.5-percent increase versus September last year’s 35,282-unit performance.

According to CAMPI president Rommel Gutierrez, the sales increase can be attributed to the promotional campaigns and new model introductions in August. “We recorded the highest monthly sales performance in September, and we hope that a positive consumer outlook will be sustained in Q4”, he added.

Propelling the positive sales performance last month was the commercial vehicle segment. Under the said category, CAMPI and TMA sold 234,834 units last January-September — which is made up of nearly three-fourths of the entire automotive year-to-date sales in the country. The sales volume is also 24.8-percent more versus the 188,096 vehicles delivered to clients during the same period for the previous year.

On the other hand, passenger cars comprised the remaining 25.41 percent of the market. Selling 80,009 units from the start of the year up to the end of September 2023, the aforementioned category posted a 33.2-percent growth when compared to the 60,058 vehicles sold in the full nine months of the year.

Toyota Motor Philippines continues to hold the biggest portion of the overall year-to-date vehicle sales by cornering 45.8 percent of the overall sales (144,232 units sold).

Placing second is Mitsubishi Motors Philippines Corporation with 58,065 vehicles sold (18.4 percent share).

Ford Motor Company Philippines is still at third place after retailing 23,091 units while Nissan Philippines, at fourth spot with 20,037 examples rolled out to buyers.

Suzuki Philippines rounded CAMPI-TMA’s top five with 13,490 vehicles handed over to customers.

Photos from Ruben Manahan IV

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