PH auto industry records another double-digit growth in Sept.

PH auto industry records another double-digit growth in Sept.

MANILA: According to a joint report from the Truck Manufacturers Association (TMA) and the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), total new motor vehicle sales for September increased by 64.2 percent to 35,282 units.

KEY TAKEAWAYS

  • Which passenger car brand delivered the largest market share for 2022 so far?

    Notably, Toyota Motor Philippines increased its market share from 48.18 percent in the same period in 2021 to 124,884 units, or 50.33 percent, for the first seven months of 2022.
  • What are the next four brands with the largest market share in CAMPI-TMA's Sept. 2022 report?

    Mitsubishi Motors Philippines maintained its second place with 35,139 units sold, equivalent to a 14.16 percent share. This brand is trailed by Ford Philippines with 16,244 units or 6.55 percent share, and Nissan Philippines Inc. with 16,068 units that translated to a 6.48 percent share. Completing the top five selling carmakers was Suzuki Philippines Inc. with 14,475 units, or 5.83 percent of the market.
  • This represents the increase from the 21,493 units sold during the same time last year.

    For seven straight months, the CAMPI-TMA has experienced double-digit growth year over year.

    CAMPI-TMA has sold 248,154 units so far this year, which is a 29.5 percent increase from the same time last year.

    Sales of commercial vehicles increased by 44% in the first seven months to 188,096 units from 130,623 units in the same period in 2021.

    The passenger car segment, on the other hand, had a minimal 1.5 percent dip, from 60,982 units sold in the same period last year to 60,058 units sold this year.

    All commercial vehicle classes, with the exception of big trucks and buses (Category V), had growth, led by light trucks or sports utility vehicles, which increased by 48 percent to 148,706 units from 100,464 in the January-September sales of 2021.

    Isuzu at PIMS

    Mitsubishi Xpander mid profile shot

    Asian utility vehicle sales increased by 38.8% to 32,186 units from 23,187 units during the same time last year.

    Sales of Category IV trucks and buses and light trucks increased by 5.1% and 9.2%, respectively.

    Notably, Toyota Motor Philippines increased its market share from 48.18 percent in the same period in 2021 to 124,884 units, or 50.33 percent, for the first seven months.

    Mitsubishi Motors Philippines maintained its second place with 35,139 units sold, equivalent to a 14.16 percent share. This brand is trailed by Ford Philippines with 16,244 units or 6.55 percent share, and Nissan Philippines Inc. with 16,068 units that translated to a 6.48 percent share.

    Completing the top five selling carmakers was Suzuki Philippines Inc. with 14,475 units, or 5.83 percent of the market.

     

    Rommel Gutierrez, President of CAMPI, stated that the industry began to see an increase in demand for new automobiles last month.

    “The automotive industry foresees a continued growth in the latter part of the year, benefitting from the improving economy based on the recent growth forecast of 6.5 percent this year – attributed to strong domestic demand and continued easing of pandemic restrictions,” Gutierrez said.

    CAMPI President Atty. Rommel Gutierrez PIMS 2022

    Photos from Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI), Isuzu Philippines Corp, Hazel Nicole Carreon, Kent Flores, and Roy Robles

    Also read: Auto sales increase by 90% in Aug.

    Sell your car at the best price

    Verified and genuine buyers Verified and genuine buyers
    Free listing Free listing
    List your car

    MIAS 2024

    You might also be interested in

    • Upcoming
    • Jetour T2
      Jetour T2
      ₱2.498 - 2.598 Million Expected Price Manila
      Expected Launch May, 2024 Alert Me When Launched
    • Mitsubishi Strada 2024
      Mitsubishi Strada 2024
      Price coming soon
      Expected Launch May, 2024 Alert Me When Launched
    • Omoda 5 EV
      Omoda 5 EV
      Price coming soon
      Expected Launch Apr, 2024 Alert Me When Launched
    • Lynk & Co 06
      Lynk & Co 06
      Price coming soon
      Expected Launch Apr, 2024 Alert Me When Launched
    • Lynk & Co 01
      Lynk & Co 01
      Price coming soon
      Expected Launch Apr, 2024 Alert Me When Launched

    Latest Car Videos on Zigwheels

    Zigwheels
    • 2024 BAIC Lineup and Price Guide | Zigwheels.Ph
      2024 BAIC Lineup and Price Guide | Zigwheels.Ph
      27 Mar, 2024 .
    • Toyota RAV4 LTD HEV Review | Zigwheels.Ph
      Toyota RAV4 LTD HEV Review | Zigwheels.Ph
      27 Mar, 2024 .
    • 2024 Mitsubishi Xpander Cross vs Xpander Comparo | Zigwheels.Ph
      2024 Mitsubishi Xpander Cross vs Xpander Comparo | Zigwheels.Ph
      22 Mar, 2024 .
    • 2024 Hyundai Stargazer X First Drive | Zigwheels.Ph
      2024 Hyundai Stargazer X First Drive | Zigwheels.Ph
      21 Mar, 2024 .
    • Huge Updates for the KPop Superstar! | 2024 Kia Seltos First Drive | Zigwheels.Ph
      Huge Updates for the KPop Superstar! | 2024 Kia Seltos First Drive | Zigwheels.Ph
      19 Mar, 2024 .
    • The MPV Benchmark | 2024 Toyota Innova E Review | Zigwheels.Ph
      The MPV Benchmark | 2024 Toyota Innova E Review | Zigwheels.Ph
      13 Mar, 2024 .
    • A Low-Key Economy Car?! | 2024 Subaru BRZ Review | Zigwheels.Ph
      A Low-Key Economy Car?! | 2024 Subaru BRZ Review | Zigwheels.Ph
      12 Mar, 2024 .
    • 2024 Toyota Hilux GR-S First Look | Carmudi Philippines
      2024 Toyota Hilux GR-S First Look | Carmudi Philippines
      07 Mar, 2024 .
    • 2024 Honda Civic Type R Review | Carmudi Philippines
      2024 Honda Civic Type R Review | Carmudi Philippines
      07 Mar, 2024 .
    • 2023 Mitsubishi Montero Sport Black Series Review | Carmudi Philippines
      2023 Mitsubishi Montero Sport Black Series Review | Carmudi Philippines
      07 Mar, 2024 .
    Watch Car Videos

    Car Articles From Carmudi

    • journal
    • advice
    • financing
    • insurance
    • PH oil firms to impose 'big-time' price hikes this week
      PH oil firms to impose 'big-time' price hikes this week
      Ruben Manahan IV, Mar 25, 2024
    • Masuda to helm Nissan PH
      Masuda to helm Nissan PH
      Ruben Manahan IV, Mar 25, 2024
    • GAC PH launches M6 Pro
      GAC PH launches M6 Pro
      Paulo Papa, Mar 25, 2024
    • Hyundai to unveil N to PH in Apr.
      Hyundai to unveil N to PH in Apr.
      Ruben Manahan IV, Mar 22, 2024
    • MIAS 2024 eyed to be a 'memorable one'
      MIAS 2024 eyed to be a 'memorable one'
      Ruben Manahan IV, Mar 21, 2024
    • How intense heat damages your car
      How intense heat damages your car
      Cherryl Anne Cruz, May 08, 2020
    • How Often Should I Clean My Air Conditioning System?
      How Often Should I Clean My Air Conditioning System?
      Cherryl Anne Cruz, Jul 21, 2017
    • How Can You Avoid Back Pain When Driving?
      How Can You Avoid Back Pain When Driving?
      Margarett Escano, Sep 15, 2017
    • How to Buy a Family Car
      How to Buy a Family Car
      Cherryl Anne Cruz, Jul 21, 2017
    • How to Test Drive a Car Before Buying
      How to Test Drive a Car Before Buying
      Wilbert Tan, Jul 21, 2017
    • Advantages and Disadvantages of Car Financing
      Advantages and Disadvantages of Car Financing
      Wilbert Tan, Jul 21, 2017
    • Most Common Car Financing Issues & How to Solve Them
      Most Common Car Financing Issues & How to Solve Them
      Cherryl Anne Cruz, Jul 21, 2017
    • What Is Effective Interest Rate
      What Is Effective Interest Rate
      Wilbert Tan, Jul 21, 2017
    • What Is a Secured Car Loan?
      What Is a Secured Car Loan?
      Cherryl Anne Cruz, Jul 21, 2017
    • Car Financing vs. Car Loans
      Car Financing vs. Car Loans
      Cherryl Anne Cruz, Jul 21, 2017
    • Is My Address Making My Car Insurance Expensive?
      Is My Address Making My Car Insurance Expensive?
      Cherryl Anne Cruz, Jul 21, 2017
    • Everything You Need to Know About GAP Insurance
      Everything You Need to Know About GAP Insurance
      Cherryl Anne Cruz, Jul 21, 2017
    • Car Insurance for Newlyweds- Combining Policies
      Car Insurance for Newlyweds- Combining Policies
      Wilbert Tan, Jul 21, 2017
    • How to Calculate Your Premium
      How to Calculate Your Premium
      Wilbert Tan, Jul 21, 2017
    • The Different Levels of Car Insurance in the Philippines
      The Different Levels of Car Insurance in the Philippines
      Cherryl Anne Cruz, Jul 21, 2017

    Compare

    You can add 3 variants maximum*