The first half of the year for the automotive industry seemingly passed by in a jiffy. Now, local carmakers are set to eye and finish the next half of the race with flying colors. But before we move any further, let us take a look back at the past six months as the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Association of Vehicle Importers and Distributors Inc. (AVID) just recently released their mid-year sales report.
According to them, over-all industry sales are up by 1.46 percent in 2019 compared to the same period last year. So far, perennial front-runner Toyota Motor Phils. (TMP) leads the pack with 73,454 units sold, followed by Mitsubishi Motors Phils. Corp. (MMPC) and Nissan Phils.
Inc. (NPI) with 31,210 and 21,060 unit sales, respectively. While Hyundai Asia Resources Inc. (HARI) (17, 148 units), Ford Phils. (11,227 units) and Suzuki Phils. (SPH) (10,817) complete the industry’s top 6.
“TMP sells more than 10,500 Hilux units in first half of 2019.”
Despite the positive mid-year uptake, there are a few segments that did not quite meet expectations, such as: passenger car sales (down by 6.4 percent), AUV sales (down by 42.9 percent) and category five trucks and buses (down by 42.2 percent). Do note also that the numbers above are just ballpark figures and do not include some segments and other brands.