Auto sales report for April shows a decline of 9.3 percent

Auto sales report for April shows a decline of 9.3 percent

MANILA: The Philippines auto industry is currently witnessing the high tides of the TRAIN (Tax Reform for Acceleration and Inclusion) law that was imposed only a while back. As discussed in the 2018 Q1 auto sales report, this new law has hiked the excise duty on cars, thus affecting the inventories of the auto dealers.

April 2018 Auto Sales Report

According to the recent sales report put together by the Truck Manufacturers Association and Chamber of Automotive Manufacturer of the Philippines, there is a 9.3 percent dip in April auto sales compared to the previous month. In March, a total of 28,216 units were sold, and this figure rolled down to 25,583 units in April.

Compared to the last year sales output, i.e. April 2017, the auto industry witnessed a decline of 11.9 percent. However, what's interesting is that amongst the ongoing fall-down, the more accomplished brands recorded an uptrend in sales.

Philippines Auto Sales Report

Industry experts believe that sales figure would once again come back on track with significant brands scheduled to introduce new cars. The officials of CAMPI, however, predict a flat sales growth for the year.

If we see segment wise sales shrink, then it was the Commercial Vehicle zone to observe a major setback with 30 percent decline. The Passenger Car segment settled for a 9.4 percent drop. Out of the total 25,583 units sold in April, the Passenger Car covered 38.74 percent of market share with 9,910 units. The Commercial Vehicles sales totalled 15,673 units, comprising 61.26 percent of the market share.

High-end auto brands were amongst the ones to witness major sales drop. Top three brands resting in this category are - Mercedes-Benz with a decline of 75.6 percent, Mitsubishi with a 62.5 percent downtrend, and Honda with a 5.1 percent drop.

April 2018 Top 4 Auto Performers

As for the star performers of the month, Toyota sold maximum units and witnessed a growth of 12.8 percent. Next up line to experience growth is Suzuki and Foton with 10.7 percent and 10 percent hike.

Here is the list of top five performing auto brands in April -

  • Toyota - 50.3 percent market share (12,867 units)
  • Mitsubishi - 9.87 percent market share (2,525 units)
  • Nissan - 8.1 percent market share (2,073 units)
  • Honda - 7.56 percent market share (1,935 units)
  • Ford - 7.18 percent market share (1,836 units)

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Length 4630 mm
3760 mm
4601 mm
3995 mm
4475 mm
Width 1780 mm
1665 mm
1818 mm
1735 mm
1706 mm
Height 1435 mm
1515 mm
1489 mm
1515 mm
1469 mm
Power 138
65
112
82
89
Torque 153 Nm
89 Nm
150 Nm
113 Nm
132 Nm
Automatic Climate Control No
No
No
No
No
Keyless Entry Yes
No
Yes
-
Yes
Multi-function Steering Wheel No
No
Yes
No
No
Adjustable Seats Yes
4-Way Driver & 4-Way Front Passenger
Yes
Yes
Yes
Rear A/C Vents No
-
-
No
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