2022 Philippine auto sales breach 350K mark, highest since pre-pandemic levels

The Chamber of Automotive Manufacturers of the Philippines (CAMPI) and the Truck Manufacturers Association (TMA) recently reported that the Philippine automotive industry logged 352,596 units sold for 2022’s entirety.

The abovementioned sales figure was the highest since 2019’s 369,941 passenger cars (PCs), light commercial vehicles (LCVs), and commercial vehicles (CVs) CAMPI-TMA joint sales tally.

The 2022 CAMPI-TMA sales statistic wasn’t as high as the 425,673 autos sold in 2017, but it was markedly better than the 268,488 four-odd wheeled vehicles logged by the Philippine auto industry in 2021. 

The 2022 total output of the auto industry was a 31.3% increase in sales from 2021. For reference, 2019 auto sales bettered 2018’s auto sales by 3.5%, and the 2018 auto sales output versus 2017 auto sales (357,410 units sold in 2018, compared to 425,673 units sold in 2017) was a -16% sales dip.

The Top Three

Nearly all segments reported upticks in sales and market shares. Overall PC sales were at 85,897 units sold, an 0.7% increase from the 85,260 units sold in 2021. Overall LCV sales fared better, with 209,728 units sold compared to the 141,321 units sold in 2021, a 48.4% increase. CVs logged 266,699 units sold, a 45.6% increase from the 183,228 units sold in 2021. 

Toyota Motor Philippines (TMP or Toyota) got the triple crown of PC, LCV, and total vehicle sales, notching 50,450 units (58.73% market share), 96,820 units (36.3% market share), and 174,106 units (49.38% market share) in the aforementioned categories, respectively.

Second in total sales was Mitsubishi’s 53,211 automobiles sold (15.09% market share). While third in total sales was Ford’s 24,710 units (7.01% market share), and fourth overall was Nissan Philippines Inc. (Nissan) and its 21,222 vehicles sold (6.02% market share). 

The segment wars

In the passenger car or PC segment, Mitsubishi Motors Philippines Corporation (MMPC) came in second with 12,215 units (14.22% market share), while the 8,501 units (9.9% market share) of Honda Cars Philippines Inc. (HCPI) placed it up to third in PCs.

Second in the LCV arena was Mitsubishi, with 24,687 units sold (9.26% market share). Third, in that same sales bracket was Ford Motor Philippines (Ford), with 24,547 LCVs (9.2 % market share) going to different customers.

Special mention

Of major note in the PC segment is the performance of Suzuki Philippines Inc.-Auto (SPI), which was fourth in that arena with 7,029 units (8.18% market share) and just 1,472 units behind Honda’s PC performance. Interestingly, the Japanese small car automaker sold more in 2021, with 8,079 units and getting a 9.48 percent market share. 

Of major note in the LCV/CV segment were the performances of Isuzu Philippines Corporation (IPC or Isuzu) and Nissan. The latter’s LCV/CV output notched 18,294 units sold, good for a 6.86% market share and fourth in the LCV sales tally list. Isuzu’s sales showing produced 12,955 units sold, good for a 4.86% market share and fifth in the LCV sales tally list.

Both manufacturers were the only other automakers in five-figure LCV sales for 2022, with Suzuki getting close at 9,366 units sold (3.51% market share and sixth in the LCV sales table) and Honda logging 5,422 LCVs sold for 2.03% market share and seventh in the LCV sales table.

So how did your brand fare?