New models and improved product offerings pushed car sales in July, according to data from the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA). Sales volume rose by 6.1% to 39,331 units from 37,096 units in the same month last year.
For the first seven months of the year, combined CAMPI and TMA sales grew faster at 10.9%, selling 265,610 units from 239,501 units in January to July 2023.
"New product launches, improved product offerings, good sales momentum, and supply availability helped neutralize the impact of Typhoon Carina, especially towards the latter part of July," CAMPI president Rommel Gutierrez said in a statement.
Passenger and commercial vehicle segments rose last month, driven mainly by the former.
Passenger cars sold 10,923 units in July 2024, 14.9 percent higher than a year ago at 9,509 units.
Commercial vehicle sales for the same comparable period stood at 28,408 units this year from 27,577 units in the previous year.
Month-on-month sales growth was below 1%, or 0.6%, from June 2024's 39,088 unit sales.
The passenger car segment shared 27% of the pie, with 70,798 unit sales from January to July 2024, an increase of 17.3% from 60,357 units in the same period last year.
On the other hand, commercial vehicle sales for the same period grew 8.7% to 194,812 units or 73% of the total vehicle sales. This segment's sales improved by 8.7% from 179,144 units in the first seven months of 2023.
The top brand names for this period are Toyota, Mitsubishi, Ford, Nissan, and Suzuki.
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