Auto sales improve for consecutive months in the Philippines

Month-on-month sales of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) continued to record improvements for two consecutive months after quarantine measures were eased since May.

A joint report of CAMPI and Truck Manufacturers Association displayed vehicle sales in June 2020 increased by 225.4% with 15,578 units, a jump from the 4,788 units in May 2020.

The monthly sales of passenger car and commercial vehicle segments surged by more than 200% from the month of May to June.

In the Philippines, the auto market leaders in the first half of 2020 are Toyota, Mitsubishi, Nissan, Suzuki, and Ford.

There were 4,711 passenger cars and 10,867 commercial vehicles sold in June.

“This positive growth shows early signs that consumer demand for new cars is starting to improve albeit slowly. The auto industry recovery may take time as vehicle sales still remain a challenge,” CAMPI president Rommel Gutierrez said in a statement Monday.

However, as compared to June 2019, vehicle sales for the same month this year still recorded a decrease of 51.2% from the 31,950 units sold in June 2019.

Passenger car sales declined by 50.6% from 9,532 units, while commercial vehicle sales also dropped by 51.5% from 22,418 units in 2019.

Vehicle sales for the first half of this year decreased by 51.2% to 85,041 units. From January to June 2019, a total of 174,135 units were sold.

Passenger car sales in the first half 2020 fell by 54.4% to 23,912 units from 52,418 units in 2019.

Commercial vehicle sales for the first six months of 2020 went down by 49.8% to 61,129 units from 121,717 units in the same period in 2019.

Of the total commercial vehicle sales, light commercial vehicles sold a total of 46,305 units, Asian utility vehicles sold 11,831 units respectively.

Sales of light trucks reached 1,599 units while trucks and buses category four sold 1,057 units and 337 units for category five.

“The industry is also maximizing digital platforms as one of the avenues to strengthen campaigns for our sales promotional. This is one of the strategies to adapt to the new normal environment,” Gutierrez said.

Balikbayan Media Center
Balikbayan Media Center

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