Vehicle sales declined 85 percent to 4,788 units in May from the 99.5-percent slump in April amid the enhanced community quarantine in Luzon, two industry groups said Monday.
The Chamber of Automotive Manufacturers of the Philippines Inc. and the Truck Manufacturers Association said in a joint report sales on a month-on-month basis jumped 3,500 percent from 133 units sold in April when most dealerships were closed.
CAMPI president Rommel Gutierrez said the industry anticipated the month-on-month increase coming from the lowest sales performance recorded in April followed by the easing of community quarantine and lockdown restrictions placed over Luzon in May.
“While May figures are still way below the industry’s monthly average sales performance, we welcome any positive signs of recovery amid the pandemic and this season of new normal where dealerships have resumed operations at a reduced level and stringent safety protocols are being implemented at all times,” Gutierrez noted.
Data showed that on a year-on-year basis, the May 2020 sales were down by 84.6 percent from 30,998 units sold in May 2019.
Passenger car sales plunged 84.7 percent in May to 1,359 units from 9,053 units a year ago while commercial vehicle sales dived 84.5 percent to 3,399 from 21,945 units.
Total vehicle sales in the first five months also plummeted by 51.1 percent to 69,463 units from 142,195 units sold in 2019.
Passenger cars sold from January to May 2020 hit 19,201 units, down by 55.2 percent from 42,886 units in the same period last year.
Sales of commercial vehicles also went down to 50,262 units from 99,299 units.
“At this point, the industry anticipates a dampened consumer demand for new cars for the coming months because understandably cars are considered as big-ticket investments. But we hope to see some gradual recovery perhaps by fourth quarter of the year,” Gutierrez said.
The figures reported by CAMPI and AVID are separate from those submitted by industry group Association of Vehicle Importers and Distributors Inc.
Consolidated data from the three groups showed that total new vehicle sales reached 416,637 units in 2019, up by 3.7 percent from 401,803 units sold in 2018.