Vehicle sales in the Philippines rose five percent in November to 7,459 units from 7,116 the year earlier, the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and the Truck Manufacturers Association (TMA) said in a joint report.
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Month-on-month, November sales however declined 5 percent from 7,860 units sold in October due to stock unavailability and delay in shipments.
Total vehicle sales in January-November also fell 5 percent to 79,869 units from 84,290 a year earlier.
“Despite the sales decline last month, assemblers remained hopeful that they will achieve their total projection for the year, notwithstanding recent events that badly affected the domestic economy,” CAMPI and TMA said in a statement.
The industry has forecast full-year sales of 87,600 units.
Passenger car sales for November stood at 2,756 units, the same level as the year earlier, but 12 percent lower than October’s 3,133 units, largely due to stock unavailability and delay in shipments.
For the 11 months to November, passenger car sales rose 45 percent to 30,129 units from 20,780 in the same period last year after excise taxes on these types of vehicles were reduced and new models were introduced.
Assemblers said they are expecting sales to improve this month due to aggressive promotions and renewed market buying activities, while the launch of upgraded models are also expected to boost sales.
For the 11 months to November, Toyota led sales with 26,802 units or 33. 57 percent of the market, followed by Mitsubishi with 11,575 units or 14.5 percent and Honda Philippines with 9,657 units or 12.09 percent.
