CAMPI-TMA Oct. 2024 YTD sales nearly breach 353k-unit mark

MANILA: The Chamber of Automotive Manufacturers of the Philippines, Incorporated (CAMPI) and the Truck Manufacturers Association (TMA) collectively sold 352,971 units in the first 10 months of 2024.

Based on their joint report, the two organizations experienced an 8.9-percent increase in retail volume compared to the 384,310 examples turned over to customers during the same period last year.

Last month alone, CAMPI and TMA jointly sold 40,003 vehicles — reflecting a nearly five-percent rise versus the 38,128 units handed over to buyers in 2023. It is also 1.2 percent higher than September 2024’s 39,542-unit output.

CAMPI President Atty. Rommel Gutierrez attributed the figures to “good sales and good stock availability — neutralizing the effect of the typhoon Kristine on the operations of dealers nationwide last month.”

Sales per category

Commercial vehicles continue to drive the groups’ sales performance, retailing 283,501 vehicles in January-October 2024 — cornering 73.77 percent share of the market. It is 7.8 percent more than the 262,875 examples sold over the same timeline under the previous year.

On the other hand, models under the passenger car category sold 100,809 vehicles — showing an almost 12-percent growth compared to January-October 2023’s 90,096-unit sales turnout.

Top 10 brands for Jan.-Oct. 2024

Toyota Motor Philippines remains the best-selling automotive marque in the country, holding 46.43 percent of the market with its 178,421-unit sales performance. In second place is Mitsubishi Motors Philippines Corporation with 73,376 vehicles handed over to buyers (19.09-percent market share).

Keeping the third place is Ford Motor Philippines with 23,505 units sold (6.12 percent) while Nissan Philippines is at the fourth spot with 22,289 (5.80 percent)

Securing the fifth position is Suzuki Philippines by cornering 4.36-percent market share with its 16,762 units retailed.

Sixth, seventh, and eighth spots were taken by Isuzu Philippines Corporation (14,134 units sold, 3.72-percent overall market share), Honda Cars Philippines (12,807 vehicles retailed, 3.33 percent), and Hyundai Motor Philippines (9,690 examples, 2.52-percent).

Rounding up the list are SAIC Motors Philippines (distributor of MG vehicles locally) at ninth with 7,393 units rolled out to clients (1.92 percent), and the Ayala-led KP Motors Corporation (Kia) with 5,165 vehicles sold (1.34 percent).

Below are the Top 10 automotive distributors under CAMPI-TMA.

Company	Vehicles sold (as of October 2024	Market share (in percentage)
Toyota Motor Philippines	178,421	46.43
Mitsubishi Motors Philippines Corporation	73,376	19.09
Ford Group Philippines	23,505	6.12
Nissan Philippines	22,289	5.80
Suzuki Philippines Incorporated	16,762	4.36
Isuzu Philippines Corporation	14,134	3.72
Honda Cars Philippines Incorporated	12,807	3.33
Hyundai Motor Philippines	9,690	2.52
SAIC Motor Philippines	7,393	1.92
KP Motors Corporation	5,165	1.34

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