Vehicle sales rose 22.2 percent in November from a year ago, bringing total sales in the first 11 months to more than 300,000 units, two industry groups said Thursday.
The Chamber of Automotive Manufacturers of the Philippines Inc. and Truck Manufacturers Association said in a joint report their members sold a total 32,966 vehicles in November, up from 26,979 units delivered in the same month last year.
“The good sales performance last November was because of enticing promotions and events matched with good demands of our market. With the robust demand, especially this Christmas season, we expect a stable to higher sales by December,” said Campi president Rommel Gutierrez.
All categories posted sales growth in November, with passenger cars increasing 14 percent to 12,143 unit from 10,649 units sold in November 2015.
Sales of commercial vehicles rose 27.5 percent to 20,823 units in November from 16,330 units in the same month last year. The arrival of stocks from previous months’ orders contributed to the increase in CV segment, the two groups said.
Among commercial vehicles, category 3 or the light trucks and buses, posted the biggest growth of 84.7 percent with 968 units sold in November, compared to 524 units ordered last year.
Category 4 or the heavy-duty trucks and buses grew 40.9 percent to 365 units from 259 orders a year earlier while sales of category 1 or the Asian utility vehicles grew 28 percent to 6,449 units from 5,037 units. Category II or the SUVs increased sales by 24.8 percent to 12,905 units from 10,344 units.
Campi said as of November, automotive sales already surpassed the full-year 2015 sales, with 325,468 units sold. This was 24.3 percent higher over last year’s 11-month sales of 261,930 units.
Toyota Motor Philippines Corp. continued to lead with 44.34 percent market share, followed by Mitsubishi Motors Philippines Corp. with 17.14 percent.
