Jan.-Apr. CAMPI-TMA sales grow by 13%

The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) experienced a 13.3-percent increase in vehicle sales for the first four months of 2022.

Based on the group’s consolidated report, CAMPI-TMA had rolled out 99,903 units to customers from January to April 2022, unlike the 88,155 examples delivered to buyers during the same period last year.

Last month, CAMPI and TMA overturned the downward sales performance in the first two months of 2022 after their sales grews by 6.3-percent for the initial quarter of the year.

Continuously driving the strong growth is the commercial vehicle (CV) segment, which sold 75,321 units in the initial four months of 2022. Now holding 75.39-percent share of the industry, the CV category is now 24 percent higher when compared to the 60,730 units that were turned over to clients in January-April 2021.

Year-to-date passenger car sales went down by more than 10 percent after only selling 24,582 units from the start of the year till the end of last month. The category holds 24.61 percent of the market.

In April 2022 alone, the two groups were able to sell 25,149 units overall, which is 15.3 percent lower compared to the previous month’s 29,685-unit sales rally but a whopping 40.9-percent jump from April 2021’s 17,843-unit performance.

According to CAMPI President Atty. Rommel Gutierrez, the April sales performance “reflects the continued containment of the pandemic underpinned by the improved consumer demand for big-ticket items compared with last year.”

“This has enabled the industry to achieve a double-digit growth of nearly 41 percent, albeit lower by 15.3 percent on a month-on-month basis”, Gutierrez said.

 “The government’s economic growth target of seven to nine percent this year, driven by the overall improvement in employment and domestic demand will play a critical role in the economy and the industry’s recovery alike”, he added.

The top five automotive distributors for January to April 2022 for CAMPI-TMA are Toyota Motor Philippines (50,945 units sold); Mitsubishi Motors Philippines Corporation (13,270); Nissan Philippines, Inc. (7,586); Suzuki Philippines, Inc. (6,294); and Ford Motor Philippines, Inc. (6,205).

Photos from Ruben D. Manahan IV

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