2024 CAMPI-TMA vehicles sales breach 467k-unit mark

Retail volume reflects 9% growth

2024 CAMPI-TMA vehicles sales breach 467k-unit mark

MANILA: The Chamber of Automotive Manufacturers of the Philippines, Incorporated (CAMPI) and the Truck Manufacturers Association (TMA) sold 467,252 units in 2024.

KEY TAKEAWAYS

  • How many units did CAMPI and TMA collectively sell in 2024?

    The groups retailed 467,252 units vehicles in January-December 2024.
  • How many units did CAMPI and TMA retail in December 2024 alone?

    For December last year alone, CAMPI and TMA collectively turned over 42,044 to clients.
  • Based on their joint report, the two groups’ retail performance showed an 8.7-percent increase compared to the 429,807 vehicles tallied in 2023.

    EDSA Photo by Ruben Manahan IV

    For December last year alone, CAMPI and TMA collectively turned over 42,044 units to clients — which reflected an almost three-percent rise versus November 2024’s 40,898-example rollout to buyers. This is also higher by 7.4 percent when compared to December 2023’s 39,153 units sold.

    Sales performance per category

    Leading the strong sales volume for 2024 are the offerings under the commercial vehicle segment with 346,482 vehicles handed over to customers — cornering 74.15-percent of the total CAMPI-TMA sales output. This is also eight-percent higher than 320,543 examples sold for the same period in 2023.

    On the other hand, the passenger car segment held the remaining 25.85 percent of the overall sales volume in 2024 — selling 120,770 vehicles for the full 12 months of the year. The aforementioned accomplishment is 10.5-percent when compared to the timeline the previous year.

    CAMPI-TMA's Top 10 brands

    Leading the vehicle sales for 2024 is Toyota Motor Philippines (TMP) with 218,019 vehicles handed over to buyers —holding nearly half of the groups’ overall sales output.

    Toyota Tamaraw Photo by Ruben Manahan IV

    Trailing TMP at the second and third spots respectively were Mitsubishi Motors Philippines Corporation and Ford Motor Philippines.

    Ford Ranger Wildtrak 4X4 Photo by Juan Paulo Papa

    Retaining their positions at the fourth and fifth places were  Nissan Philippines and Suzuki Philippines Incorporated.

    Suzuki XL7 Hybrid Photo by Jirehl Kent Flores

    The local automotive distributors of IsuzuHonda, and Hyundai also managed to keep their spots (sixth, seventh, and eighth places, correspondingly) as well.

    Hyundai Stargazer X by Kent Flores 1 Photo by Jirehl Kent Flores

    Rounding up the Top 10 brands under CAMPI and TMA were still SAIC-Motor Philippines (local distributor of Morris Garages vehicles) and Ayala-led KP Motors Corporation (Kia).

    New Kia Carnival Photo by Juan Paulo Papa

    Check out the Top 10 automotive distributors under CAMPI-TMA for 2024.

    Company

    Vehicles sold (as of December 2024

    Market share (in percentage)

    Toyota Motor Philippines

    218,019

    46.66

    Mitsubishi Motors Philippines Corporation

    89,124

    19.07

    Ford Group Philippines

    27,997

    5.99

    Nissan Philippines

    26,774

    5.73

    Suzuki Philippines Incorporated

    20,371

    4.36

    Isuzu Philippines Corporation

    17,641

    3.78

    Honda Cars Philippines Incorporated

    15,518

    3.32

    Hyundai Motor Philippines

    10,766

    2.53

    SAIC Motor Philippines

    9,016

    1.93

    KP Motors Corporation

    6,692

    1.43

    Also read:

    PH auto industry likely to breach 470K-unit sales target for 2024 

    CAMPI-TMA hits 425k-unit mark for Jan.-Nov. 2024

    CAMPI-TMA Oct. 2024 YTD sales nearly breach 353k-unit mark

     

    Ruben Manahan IV

    Ruben Manahan IV

    Started his journalism stint as a cub reporter for a local daily. A certified news junkie, Fort had the chance to cover various beats—ranging from politics to lifestyle. However, his heart now belongs to motoring.

    Read Full Bio

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