Several months ago as the nation was put under the enhanced community quarantine (ECQ), the Philippine car industry as a whole was put into a standstill. However, the automotive industry has since been recovering after shifting to the general community quarantine.
Just to put that into perspective, the current year-to-date numbers for the Philippine automotive industry is currently at 134,617 units sold. The said units sold is around 60 percent of the 2020 sales forecast of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), which is 240,000. Consider also that during the ECQ, practically no car selling was going on. So yes, it is indeed recovering.
>>> Related: CAMPI, TMA: Vehicle sales up in February 2020
People are moving again, and some are looking to buy cars
According to CAMPI, Toyota Motors Philippines (TMP) still leads the pack with a market share of 41 percent. In August, it sold a total of 8,044 units. In second place is Mitsubishi with a market share of 14 percent with 2,681 units sold. Next is Nissan with a market share of 10 percent with 1,881 units sold.
So from the start of 2020 to August, it looks like the top-five car brands in the country remain the same. In order of rank, that’s Toyota, Mitsubishi, Nissan, Hyundai, and Suzuki. As a side note, CAMPI and the Truck Manufacturers Association also managed to sell 4,788 units in May 2020. That’s a 3,500 percent increase compared to its dismal April 2020 performance.
Remember that manufacturing facilities had to implement new health protocols. So yeah, recovery will take time
Note, however, the current numbers cannot compare to the figures from 2019. In fact, there was a 39.5 percent drop in sales when comparing how the industry did in August 2020 versus a year ago.
As we’ve said before though, the automotive industry is picking itself up again. Many brands have recently released new models, and the government is slowly reopening the economy. Hopefully, the demand for vehicles will rise up again to further aid in the recovery of the local automotive industry.
For more automotive industry news, keep reading here on Philkotse.com.
Know more about Toyota
For the local market, Toyota Philippines offers 22 car models. The most affordable of these is the Toyota Wigo hatchback. Toyota also has three sedan models namely the Vios, the Corolla Altis, and the Camry. It then has one entry to the pickup truck segment, the Hilux. For coupes, Toyota Philippines offers two models: the GT 86 and the Supra. The Toyota local SUV segment has four models. These include the Fortuner, Land Cruiser, and Land Cruiser Prado. The Toyota MPV segment for the Philippines has three models: the Avanza, Rush, and the Innova. Then there are two Toyota vans in the Philippine market: the Hiace and the Hiace Super Grandia. For hatchbacks, there's the Wigo, the GR Yaris, Prius, and the Yaris, while the minivan segment then has the Alphard. And lastly, the crossovers sold by Toyota include the Corolla Cross, and the RAV4.
Here at Philkotse.com, we provide the complete Toyota Philippines Price list for 2023, which we update on a monthly basis. Besides that, we also list the latest and hottest car promos ranging from low monthly amortizations, cash discounts, and low downpayments.
For more information about the Toyota Philippines price list for 2023, as well other details regarding the brand, continue below.
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