PHL auto sector upbeat on sales growth with 31-percent increase in May

TRAFFIC is one of the most common problems that motorists face every day. According to the National Economic Development Authority (NEDA), the Philippine economy loses roughly 3-billion pesos a day due to the frequent traffic gridlocks in Metro Manila alone. As traffic becomes a serious threat to the economy, there’s also a positive and hopeful development we can spotlight. In a report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA), the local auto industry is upbeat that 2016 will become another banner year as sales growth doubled in the second quarter, particularly in the month of May with 30,317 units sold, compared to 27,697 units in 2015. The key driver of growth is attributed to the continued low financing packages offered by banks and financing firms, along with the significant growth in middle-class income. Data from Chamber of Automotive Manufacturers of the Philippines, Inc. CAMPI recorded that the Passenger and Commercial Vehicle segment posted a huge increase in sales with 10,893 units sold in the PC segment and 19,424 units sold in the CV segment. The CV segment is composed of AUV, LCV, Light Trucks, and Trucks and Buses. In the AUV category, there were a total of 5,426 units sold compared to 4,060 units. The LCV segment also reached an impressive 45-percent increase with 12,867 units sold. In the Light Trucks category, the industry sold a total of 704 units or an 102-percent surge from 349 units. Meanwhile, Trucks and Buses achieved 283 units over 180 units than the previous year, accounting for a 57-percent growth. In the heavy duty Trucks and Buses segment, the group recorded a stunning 58-percent increase in May with 144 units sold versus 91 units last year. In a press statement, CAMPI President Rommel Gutierrez, said, “With another impressive sales figure, we can see that there has been continuous demand for mobility. We expect new models to reach the market with positive response as we also look at July figures to have a stable to higher sales performance.” The group also cited the top 5 performers of CAMPI in May. They are Toyota Motors Philippines Corporation (TMPC) with 42.95-percent, followed by Mitsubishi Motors Philippines Corporation (MMPC) with 18.29-percent. Not far behind is Ford with a 10.38-percent share. The top three performers are followed by Isuzu Philippines Corporation with 8.04 percent and Honda Cars Philippines with 6.69-percent, bagging fourth and fifth spots, respectively.  

Read All

Featured Articles

Recommended Articles For You

Read All

Featured Cars

  • Upcoming

Car Articles From Zigwheels

  • News
  • Article Feature
  • Advisory Stories
  • Road Test
  • Autohub Group keen on expanding Zeekr dealer network for future models
    Autohub Group keen on expanding Zeekr dealer network for future models
    Paulo Papa . Today
  • Nissan PH keeps Navara pricing for Jul. amid CMEPA implementation
    Nissan PH keeps Navara pricing for Jul. amid CMEPA implementation
    Ruben Manahan IV . Jul 13, 2025
  • First-ever ‘BYD Grab Day Caravan’ puts spotlight on Seal 5 DM-i
    First-ever ‘BYD Grab Day Caravan’ puts spotlight on Seal 5 DM-i
    Ruben Manahan IV . Jul 11, 2025
  • Inchcape PH releases Mercedes-Benz V-Class Elegance
    Inchcape PH releases Mercedes-Benz V-Class Elegance
    Ruben Manahan IV . Jul 11, 2025
  • Latest ‘Kia Movement’ leg set this weekend
    Latest ‘Kia Movement’ leg set this weekend
    Ruben Manahan IV . Jul 10, 2025
  • Auto, motorcycle brands with horses in their badges
    Auto, motorcycle brands with horses in their badges
    Paulo Papa . Today
  • Subaru Crosstrek vs. the competition
    Subaru Crosstrek vs. the competition
    Cesar Miguel . Today
  • Check out Foton Tunland V9’s hits, misses
    Check out Foton Tunland V9’s hits, misses
    Cesar Miguel . Today
  • Nissan Livina vs. the competition
    Nissan Livina vs. the competition
    Cesar Miguel . Jul 11, 2025
  • Exploring the Jetour T2’s interior
    Exploring the Jetour T2’s interior
    Cesar Miguel . Jul 10, 2025
  • Do you still need to wash your car after it rains?
    Do you still need to wash your car after it rains?
    Cesar Miguel . Jun 12, 2025
  • What should you visit first at MIAS 2025?
    What should you visit first at MIAS 2025?
    Cesar Miguel . Apr 11, 2025
  • Do you really need 4x4 for overlanding?
    Do you really need 4x4 for overlanding?
    Cesar Miguel . Mar 26, 2025
  • Number coding 2025: what you need to know
    Number coding 2025: what you need to know
    Paulo Papa . Mar 09, 2025
  • EVs still require lubrication, JAMA execs say
    EVs still require lubrication, JAMA execs say
    Paulo Papa . Mar 09, 2025
  • Honda BR-V S CVT: all about that ‘base’
    Honda BR-V S CVT: all about that ‘base’
    Paulo Papa . Jul 09, 2025
  • Dongfeng Rich 7 4X4 Upper: ideal entry-level truck
    Dongfeng Rich 7 4X4 Upper: ideal entry-level truck
    Paulo Papa . Jul 07, 2025
  • First drive: MG ZS Hybrid+
    First drive: MG ZS Hybrid+
    Cesar Miguel . Jun 30, 2025
  • BYD eMAX 7 Superior Captain: MPV for modern families
    BYD eMAX 7 Superior Captain: MPV for modern families
    Paulo Papa . Jun 18, 2025
  • Suzuki Ertiga Hybrid: modest mover
    Suzuki Ertiga Hybrid: modest mover
    Paulo Papa . Jun 05, 2025