Vehicle sales increased 14.1 percent in June to a record 37,631 units from 32,993 units a year ago, two industry groups said Thursday.
The Chamber of Automotive Manufacturers of the Philippines Inc. and the Truck Manufacturers Association said in a joint report sales in June also went up 6.1 percent from 35,459 units delivered in May.
“The overall sales last June is relatively higher compared to that of May’s due to the well-maintained inventory levels helping the prompt delivery of vehicles amongst the major players. All these factors led to our improved sales in June 2017. In addition to a good stock level, manufacturers maximized “dealer push” that brought higher sales specifically to their key models,” said Campi president Rommel Gutierrez.
Record sales in June brought total deliveries in the first half to 196,164 units, up by 17.1 percent from 167,480 units sold in the same period in 2016.
Data showed both passenger car and commercial vehicles segments posted incremental sales in June and in the first half of the year.
The passenger cars segment saw a 14.4-percent increase in sales to 13,677 units in June from 11,951 units sold in the same month last year. Passenger car sales reached 67,180 units in the first half.
Meanwhile, the commercial segment also went up 13.8 percent to 23,954 units in June 2917 from 21,042 units a year ago.
Most categories within the segment posted growth except for light trucks, and trucks and buses category IV whose sales slid 11.5 percent and 24.9 percent, respectively, on a month-on-month basis.
Commercial vehicle sales in the first half reached 128,984 units.
Toyota Motor Philippines Corp. maintained its market lead with 42.73 percent of total sales, followed by Mitsubishi Motors Philippines Corp. with 19.11 percent and Isuzu Philippines Corp. with 11.03 percent.