Auto Industry Confident to Meet Forecast for 2015

November 10, 2015

The Philippine automotive industry continues to grow with sales performance of 28,667 units for the month of October, 29 percent better compared to same month last year of 22,278 units. Based on a joint report of the Chamber of Automotive Manufacturers of the Philippines, Inc. and the Truck Manufacturers Association, October 2015 sales topped September’s record sales of 27,045 units. Year-to-date sales figures reached 234,951 units, 22.4 percent higher than the 192,005 units of the same period in 2014.

Both passenger cars and commercial vehicles category experienced sales increase last month. The Passenger Cars grew by 25.2 percent with 11,235 units versus 8,975 units in October of the previous year. Constant marketing efforts and attractive financial options still drive the boost of this category. New and refreshed models introduced helped the market to continue to grow. Commercial Vehicles on the other hand also posed an increase of 31 percent. “The progress of the economy bodes well for the auto industry. More people can now purchase cars and with relative ease,” said CAMPI President Atty. Rommel Gutierrez. He explained, “With attractive financing options coupled with new model introductions to match customer needs, cars are definitely appealing to new buyers. We are confident to meet our forecast for 2015.”

Leading the October 2015 sales is Toyota Motor Philippines Corporation with 43.28% market share, followed by Mitsubishi Motors Philippines Corporation with 19.07%. Ford Motor Company Philippines, Inc. coming in at third with 8.33% share, while Isuzu Philippines Corporation sits at fourth with 7.8%. Honda Cars Philippines, Inc., is at fifth with 6.83% market share.

Sales x Year x Month (Oct-15)Market Share (Oct-15)

PC Sales Nov-15CV Sales Nov-15

More News

Auto sales increase at 1.2% MOM

A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed the industry ending October 2024 with vehicle sales of...

Auto sales increase at 1.0% MOM

A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed the industry ending September 2024 with vehicle sales of...

Countdown to the 9th Philippine International Motor Show Begins

The Chamber of Automotive Manufacturers of the Philippines holds a press conference in anticipation of the 9th PIMS

Industry auto sales increased by 10.3% year-on-year in August 2024

A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed the industry ending August 2024 with an annual vehicle...

Economic Impact

Php 120 Billion Total Invesment
500,000 Jobs For The Filipino
Php 30 Billion In Taxes Paid Annually
Mobirise Website Builder
15 Assembly Facilities

Our Members

BMW
CAC
Changan
Chery
DAEWOO
Ferrari - Velocità Motors Inc.
Ford
FOTON
Hyundai
HONDA
ISUZU
JAC
KIA
Mazda
Mercedes-Benz
MG
Mitsubishi
Nissan
Peugeot
Suzuki
Toyota
Volkswagen