2024 CAMPI-TMA vehicles sales breach 467k-unit mark

MANILA: The Chamber of Automotive Manufacturers of the Philippines, Incorporated (CAMPI) and the Truck Manufacturers Association (TMA) sold 467,252 units in 2024.

Based on their joint report, the two groups’ retail performance showed an 8.7-percent increase compared to the 429,807 vehicles tallied in 2023.

For December last year alone, CAMPI and TMA collectively turned over 42,044 units to clients — which reflected an almost three-percent rise versus November 2024’s 40,898-example rollout to buyers. This is also higher by 7.4 percent when compared to December 2023’s 39,153 units sold.

Sales performance per category

Leading the strong sales volume for 2024 are the offerings under the commercial vehicle segment with 346,482 vehicles handed over to customers — cornering 74.15-percent of the total CAMPI-TMA sales output. This is also eight-percent higher than 320,543 examples sold for the same period in 2023.

On the other hand, the passenger car segment held the remaining 25.85 percent of the overall sales volume in 2024 — selling 120,770 vehicles for the full 12 months of the year. The aforementioned accomplishment is 10.5-percent when compared to the timeline the previous year.

CAMPI-TMA's Top 10 brands

Leading the vehicle sales for 2024 is Toyota Motor Philippines (TMP) with 218,019 vehicles handed over to buyers —holding nearly half of the groups’ overall sales output.

Trailing TMP at the second and third spots respectively were Mitsubishi Motors Philippines Corporation and Ford Motor Philippines.

Retaining their positions at the fourth and fifth places were  Nissan Philippines and Suzuki Philippines Incorporated.

The local automotive distributors of Isuzu, Honda, and Hyundai also managed to keep their spots (sixth, seventh, and eighth places, correspondingly) as well.

Rounding up the Top 10 brands under CAMPI and TMA were still SAIC-Motor Philippines (local distributor of Morris Garages vehicles) and Ayala-led KP Motors Corporation (Kia).

Check out the Top 10 automotive distributors under CAMPI-TMA for 2024.

Company	Vehicles sold (as of December 2024	Market share (in percentage)
Toyota Motor Philippines	218,019	46.66
Mitsubishi Motors Philippines Corporation	89,124	19.07
Ford Group Philippines	27,997	5.99
Nissan Philippines	26,774	5.73
Suzuki Philippines Incorporated	20,371	4.36
Isuzu Philippines Corporation	17,641	3.78
Honda Cars Philippines Incorporated	15,518	3.32
Hyundai Motor Philippines	10,766	2.53
SAIC Motor Philippines	9,016	1.93
KP Motors Corporation	6,692	1.43

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