It’s that time of the month again wherein the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) publish their sales report. It’s a good indicator of how the automotive industry is doing so far this year and, at the moment, it’s all about steady growth.
It probably won’t surprise anyone that Toyota, Mitsubishi, and Ford still occupy the top three spots. However, it’s interesting to see how brands have gained (or lost) sales compared to last year and the month prior. So, without further ado, here are some highlights from this month’s report.
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Overall, sales grew by 14.1% year to date, an increase of 18,993 units. It’s all well and good, although those figures are slightly less from last month’s numbers. Compared March 2024, April sales are 0.4% down at 37,314 units versus 37,474. Per CAMPI-TMA’s figures, current year to date sales at at 146,920 units.
Moving to the top ten, Toyota Motor Philippines leads the pack (no surprises there) with 67,580 units, marking an improvement of 13.9% year to date and capturing 46% of the market. Mitsubishi Motors Philippines posted 27,828 sales so far this year with 19% increase year to date and an 18.94% market share. In third, Ford Philippines shifted 9,688 new vehicles so far this year to take a 6.59% local share and a boost of 20.1% year to date.
Nissan Philippines takes fourth with 9,375 unit sales and are up by 10.2%. Fifth goes to Suzuki Auto Philippines selling 6,117 units, while Isuzu takes sixth with 5,328 units sold so far. In seventh is Honda with 5,195 units, but is down by 12.0% year to date. With 3,580 sold, Hyundai takes the eighth spot in the list. Rounding up the top ten are SAIC Philippines (MG), selling 2,471 units, and Kia with 1,491 sales.
If we were to split the market between passenger cars (PC) and commercial vehicles (CV), the list will look a little different. For passenger cars, Toyota (19,436 units) and Mitsubishi (8,501 units) still take the top two spots, but third belongs to Suzuki (3,183 units). Honda (2,681 units) is in fourth place, while Nissan (1,819 units) rounds up the top five. For the rest of the top ten, it’s MG, BMW, Geely, Kia, and Mazda in that order. Total passenger car sales as of March 2024 are at 38,280.
Moving to commercial vehicles, it looks similar to the overall list with Toyota (48,114 units), Mitsubishi (19,327 units), Ford (9,665 units), and Nissan (7,556 units) in the top four. Fifth is CV sales went to Isuzu (5,328 units), followed by Hyundai (3,580 units), Suzuki (2,934 units), Honda (2,514 units), MG (1,388 units), and Kia (1,225 units). Total commercial vehicles sales as of March 2024 are at 108,667.
