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July 30, 2024

Here's Your Full June (And H1) 2024 New Car Sales Breakdown


New car sales experienced a slight decline in June 2024 with a 2.9 percent decrease compared to the previous month. This was shown in the joint report of the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and the Truck Manufacturers Association (TMA).

According to a CAMPI-TMA statement, the slight sales dip can be attributed to several factors. One is the delays in the arrival of vehicle units due to port congestions. Second is the supply limitation for “fast-moving variants.” Finally, there is also a decline in consumer demand.

Toyota remained the best-selling car brand in the Philippines last month logging in 18,093 units in sales for a 46.29 percent market share. They’re followed in second place by Mitsubishi with 7,453 units (19.07 percent), Nissan in third with 2,380 units (6.09 percent), Ford in fourth with 2,219 units (5.68 percent), and Suzuki rounding out the Top 5 with 1,675 units (4.29 percent).

As a whole, Chinese brands have managed to corner a 5.84 percent market share last June—consistent with the previous months. MG is far and away the best-selling brand from the mainland with 726 units sold last month. With its distributorship changing hands, Foton (340 units) has managed to re-overtake Geely (315 units) to become June’s third best-selling Chinese brand just behind MG and GAC Motor (351 units). Meanwhile, Changan sales have dropped significantly with their second worst monthly performance with just 67 units sold.

On the subject of month-on-month performance, Jaguar Land Rover stood out as the biggest climber, percentage-wise with sales up 132 percent versus May. Kia is also another strong performer with its sales up 70 percent month-on-month. For June’s biggest losers, brands handled by Inchcape didn’t perform well with Chrysler Dodge Jeep Ram, Mercedes-Benz, and Changan all registering drops of 73 percent, 52 percent, and 32 percent respectively.

June 2024 Philippine New Car Sales
  1. Toyota – 18,093 units (46.29 percent)
  2. Mitsubishi – 7,453 units (19.07 percent)
  3. Nissan – 2,380 units (6.09 percent)
  4. Ford – 2,219 units (5.68 percent)
  5. Suzuki – 1,675 units (4.29 percent)
  6. Honda – 1,325 units (3.39 percent)
  7. Isuzu – 1,274 units (3.26 percent)
  8. Hyundai – 1,021 units (2.61 percent)
  9. MG – 726 units (1.86 percent)
  10. Kia – 602 units (1.54 percent)
  11. GAC Motor – 351 units (0.9 percent)
  12. Foton – 340 units (0.87 percent)
  13. Geely – 315 units (0.81 percent)
  14. Hino – 232 units (0.59 percent)
  15. Chery – 230 units (0.59 percent)
  16. Mazda – 202 units (0.52 percent)
  17. Jetour – 177 units (0.45 percent)
  18. Fuso – 103 units (0.26 percent)
  19. JMC – 78 units (0.2 percent)
  20. Changan – 67 units (0.17 percent)
  21. Jaguar Land Rover – 58 units (0.15 percent)
  22. Mercedes-Benz – 53 units (0.14 percent)
  23. BMW – 45 units (0.12 percent)
  24. Volkswagen – 24 units (0.06 percent)
  25. Peugeot – 22 units (0.06 percent)
  26. Chrysler Jeep Dodge RAM – 11 units (0.03 percent)
  27. Terrafirma Motors – 5 units (0.01 percent)
  28. IVECO – 5 units (0.01 percent)
  29. MAN Trucks – 2 units (0.01 percent)
Commercial Vehicles (CVs) remained the backbone of sales last June according for 71.8 percent of total sales with 28,100 units sold.

In this segment, Toyota leads all others with 12,264 units sold (43.64 percent) followed by Mitsubishi with 5,073 units (18.05 percent), Ford with 2,155 units (7.67 percent), Nissan with 1,869 units (6.65 percent), and Isuzu with 1,274 units (4.53 percent).

June 2024 Top 10 Best-Selling Commercial Vehicle Brands
  1. Toyota – 12,264 units
  2. Mitsubishi – 5,073 units
  3. Ford – 2,155 units
  4. Nissan – 1,869 units
  5. Isuzu – 1,274 units
  6. Hyundai – 1,021 units
  7. Honda – 916 units
  8. Suzuki – 915 units
  9. GAC Motor – 345 units
  10. Foton – 340 units
Meanwhile, Passenger Cars (PCs) accounted for 28.1 percent of June new car sales with 10,988 units sold.

Toyota also remained the best-selling PC brand with 5,829 units sold or a 53.05 percent market share followed by Mitsubishi with 21.66 percent (2,380 units), Suzuki with 760 units (6.92 percent), Nissan with 511 units (4.65 percent), and Honda with 409 units (3.72 percent).

June 2024 Top 10 Best-Selling Passenger Car Brands
  1. Toyota – 5,829 units
  2. Mitsubishi – 2,380 units
  3. Suzuki – 760 units
  4. Nissan – 511 units
  5. Honda – 409 units
  6. Kia – 404 units
  7. MG – 389 units
  8. Ford – 64 units
  9. Mercedes-Benz – 52 units
  10. BMW – 45 units
Despite a weaker than expected June market, with the first six months of 2024 gone, carmakers have reported a 11.8 percent growth compared to the same six months in 2023. A total of 226,277 new vehicles have been sold from January to June 2024. CVs have remained the most important segment accounting for 74 percent of total sales (166,404 units). PCs, meanwhile, represent 26 percent or 59,875 units.

January to June 2024 Cumulative New Car Sales
  1. Toyota – 104,350 units (46.12 percent)
  2. Mitsubishi – 42,599 units (18.83 percent)
  3. Ford – 14,460 units (6.39 percent)
  4. Nissan – 13,939 units (6.16 percent)
  5. Suzuki – 9,650 units (4.26 percent)
  6. Isuzu – 8,225 units (3.63 percent)
  7. Honda – 7,944 units (3.51 percent)
  8. Hyundai – 5,698 units (2.52 percent)
  9. MG – 3,933 units (1.74 percent)
  10. Kia – 2,448 units (1.08 percent)
  11. Geely – 2,128 units (0.94 percent)
  12. GAC Motor – 1,702 units (0.75 percent)
  13. Foton – 1,664 units (0.74 percent)
  14. Chery – 1,624 units (0.72 percent)
  15. Mazda – 1,257 units (0.56 percent)
  16. Hino – 1,034 units (0.46 percent)
  17. Jetour – 740 units (0.33 percent)
  18. Fuso – 593 units (0.26 percent)
  19. BMW – 452 units (0.2 percent)
  20. Changan – 444 units (0.2 percent)
  21. JMC – 440 units (0.19 percent)
  22. Mercedes-Benz – 347 units (0.15 percent)
  23. Jaguar Land Rover – 178 units (0.08 percent)
  24. Chrysler Dodge Jeep RAM – 150 units (0.07 percent)
  25. Volkswagen – 101 units (0.04 percent)
  26. Peugeot – 99 units (0.04 percent)
  27. Terrafirma Motors – 63 units (0.03 percent)
  28. IVECO – 7 units (0.00 percent)
  29. MAN Trucks – 5 units (0.00 percent)
  30. Volkswagen Trucks & Buses – 5 units (0.00 percent)
When it comes to year-to-date growth (versus the same six months in 2023), GAC Motor has cemented itself as the country’s fastest growing brand with a 172 percent growth. Other brands that saw substantial sales increases versus 2023 are Hyundai with a 40 percent growth, Foton with 30 percent, and Mazda with 28 percent.

Despite coming from a huge base, Toyota Motor Philippines sales are up 12 percent year-to-date versus the same period in 2023. Mitsubishi has also seen a 15 percent growth, while Nissan and Ford have seen sales rise 6 and 4 percent, respectively. Suzuki sales are also up 12 percent, while Isuzu sales remain flat. Honda lost out with sales declining 8 percent.

When it comes to year-to-date sales losers, Geely lost big giving up 47 percent in H1 2024. Others include JMC (-32 percent), Peugeot (-42 percent), and surprisingly, most Inchcape handled brands: Chrysler Dodge Jeep Ram (-40 percent), Mercedes-Benz (-30 percent), and Jaguar Land Rover (-16 percent).
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17 comments:

  1. AnonymousJuly 30, 2024 at 10:19 AM

    Chinede brands with so much pr and new models launching maintains the same market share. Meaning they cannibalize each other.

    ReplyDelete
  2. AnonymousJuly 30, 2024 at 10:33 AM

    BYD stats?

    ReplyDelete
    Replies
    1. Ulysses AngJuly 30, 2024 at 10:37 AM

      BYD has yet to publicly declare their sales and there's no credible info out there so cite.

      Delete
    2. Ulysses AngJuly 30, 2024 at 10:40 AM

      *to

      Delete
  3. AnonymousJuly 30, 2024 at 12:02 PM

    No subaru?

    ReplyDelete
    Replies
    1. Ulysses AngJuly 30, 2024 at 1:43 PM

      Subaru is part of AVID which hasn't publicly released sales data for quite some time now.

      Delete
  4. AnonymousJuly 30, 2024 at 2:23 PM

    Daily reminder that Mazda > Hino

    ReplyDelete
  5. AnonymousJuly 30, 2024 at 9:59 PM

    Lexus? Included in Toyota?

    ReplyDelete
  6. AnonymousJuly 31, 2024 at 9:27 AM

    MG still mainly relies on the volume sales of the aging but affordable MG5 and MGZS
    MG One isn't that popular due to its incomplete safety features (no ADAS on all variants).
    MG3 seems hard to sell despite having really good specs and looks..MG dealers needs to give away huge cash discounts for the variants of MG3 to make it even more sellable
    Sales of Changan are the lowest due to poor pricing and lack of vast dealership network

    ReplyDelete
  7. AnonymousAugust 1, 2024 at 2:18 PM

    This journalist doesn’t seem to know his facts.

    ReplyDelete
  8. AnonymousAugust 2, 2024 at 2:46 AM

    Japanese brands are still the best for Peace of mind.

    ReplyDelete
    Replies
    1. AnonymousAugust 2, 2024 at 6:40 AM

      Not really
      Most of them including Subaru got terrible reliability issues and expensive maintenance costs
      Indonesian and Thailand made Toyota vehicles are also prone to broken electronics and transmission

      Delete
  9. AnonymousSeptember 7, 2024 at 2:38 PM

    What type of car do Filipinos prefer the most?

    ReplyDelete

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