By Kris M. Crismundo / Philippines News Agency
Sales of automotive vehicles for the entire 2016 grew to 24.6 percent from the 22.9 percent registered the year before, the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and the Truck Manufacturers Association (TMA) revealed recently.
In a joint report released on January 10, Campi and TMA said they sold 359,572 units from January to December last year, 70,963 more than the 288,609 units sold in the same period in 2015.
Sales have been growing in double digits since 2012. Campi and TMA saw 11-percent growth that year, 16 percent in 2013, and 30 percent in 2014.
Contributing the most to last year’s growth were sales of commercial vehicles, which increased by 31.4 percent to 226,284 units from 172,228 in 2015.
Sales of light commercial vehicles (LCV) and Asian utility vehicles (AUV), meanwhile, both increased by 30 percent to 145,863 units and 66,380 units, respectively.
Sales of light trucks jumped 70 percent to 8,614 units, while sales of trucks and buses, category IV, rose 46 percent to 3,489 units and category V climbed 64 percent to 2,038 units last year.
Passenger-car sales went up by 14.4 percent to 133,188 units from 116,381 units in 2015.
“We are very glad that we were able to surpass the target this year. Successful introductions of new models, complemented by various events and promotions, enabled us to meet the increasing customers’ demands in an expanding Philippine market,” Campi President Rommel Gutierrez said.
The Philippine automotive industry targeted to sell 370,000 units at end-2016.
Another industry organization, the Association of Vehicle Importers and Distributors (Avid) is yet to release its aggregate sales, but its most recent data showed it sold 68,746 units from January to September last year.
Also, Campi and TMA said their sales for December 2016 increased by 27.8 percent to 34,104 units from 26,679 units in the same month in 2015.
Toyota remained the top vehicle brand in the country in 2016, with a market share of 44 percent, which slightly grew from 43 percent in 2015. Mitsubishi followed with 17 percent; Ford, with 9 percent; Isuzu, with 8 percent; and Honda, with 6 percent.