In July 2021, car sales in the Philippines increased by 4.7 percent
Sales of domestically manufactured cars rose by 4.7 percent in July this year compared to the same time last year, according to industry organizations Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA).
In July, automotive vehicle sales increased to 21,498 units, up from 20,542 units the previous month.
Passenger vehicle sales increased by 15.3 percent in the previous month, rising from 6,157 units a year earlier to 7,102 units in the preceding month.
Commercial vehicle sales were unchanged in July 2021, at 14,396 units, compared to 14,385 units sold in July 2020.
In a statement, CAMPI president Rommel Gutierrez stated, “The industry welcomed the year-over-year increase of 4.7 percent but expects a drop in sales this month with the reimposition of ECQ (enhanced community quarantine) in the NCR (National Capital Region) and other high-risk regions.”
CAMPI and TMA combined sales fell by 4.7 percent to 22,550 units in June 2021.
Industry sales increased 46.1 percent from 105,583 units in the same period of 2020 to 154,265 units from January to July 2021.
In the first seven months of this year, passenger vehicle sales increased by 64.6 percent to 49,508 units, up from 30,069 units sold a year earlier.
Commercial vehicle sales increased by 38.7% from 75,514 units in the January to July period last year to 104,757 units.
Toyota Motors Philippines Corp. continues to have the highest market share, with 48.31%, followed by Mitsubishi Motors Philippines Corp. with 14.59 percent, Suzuki Philippines with 7.54 percent, Ford Motor Company Philippines with 7.42 percent, and Nissan Philippines with 6.75 percent.