PH car sales in April grew a modest 4.8%

Auto sales in the Philippines rose modestly year-on-year in April 2017.

According to statistics of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA), the total number of cars sold in the country in April was 29,038 units versus 27,697 units of a year ago, recording an increase of 4.8%.

CAMPI President Rommel Gutierrez stated that auto sales in April went up a moderate 4.8% because of fewer working days for the month where the observance of the Holy Week fell and some work suspension of the ASEAN Leaders’ Summit.

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While most segments had a good performance last month, the passenger car segment sold out only 9,862 units, a decrease of 1% from 9,920 units delivered in the same period last year.

Most segments had a good performance last month

In contrast, April sales of commercial vehicle segment rose to 19,176 units, up 7.9% over the 17,777 deliveries in April 2016. Generally, most categories in this segment saw an increase in sales, except for Category V trucks and buses that recorded a sharp decrease of 21.2% with only 119 vehicles sold.

As for car manufacturers, Toyota Motor Philippines Corp. headed the auto market with 43.42% total car sales. The runner-up was Mitsubishi Motors Philippines with auto sales accounting for 17.76%. Although Ford Motor Philippines, Inc., only had a market share at 8.44%; with 2,613 vehicles sold, the company took the lead in retail sales with its flagship models like the EcoSport, the Everest, and the Ranger pick-up.

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