New car sales surge 45 percent in May as .ToyotaMotorPH sales breach 77K mark. CAMPI CarSales PHLAutoIndustry CarGuidePH
The joint report by the
Chamber of Automotive Manufacturers of the Philippines, Inc. and the Truck Manufacturers Association to the 26,370 units recorded in the same month in 2022. In a statement, CAMPI says the continued increase in new car sales is driven by high market demand as well as the country’s sustained economic improvement in major sectors. This makes it highly favorable for the automotive industry and consumers alike, they said.
The steady year-on-year growth recorded in the first five months of the year gives the automotive industry a reason to be very optimistic, and that they are confident of attaining its growth forecast for the year.CAMPI-TMA sold 166,104 units—a 31.5 percent growth compared to the same period in 2022In terms of brands,. In second place is Mitsubishi Motors Philippines with 6,822 units or 17.87 percent of the monthly total. Ford Philippines is in third with 3,039 units or 7.
. Toyota Motor Philippines sold 13,023 units . In second place is Mitsubishi Motors Philippines with 4,348 units , while Ford is in third with 3,018 units . Nissan is in fourth with 1,886 units and completing the Top Five is Isuzu with 1,421 units sold or 5.01 percent).Mitsubishi – 4,348 units Hyundai – 793 units
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