Customer Logins

Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.

Customer Logins

My Logins

All Customer Logins
S&P Global Mobility

  • S&P Global
  • S&P Dow Jones Indices
  • S&P Global Market Intelligence
  • S&P Global Mobility
  • S&P Global Commodity Insights
  • S&P Global Ratings
  • S&P Global Sustainable1
Close
Discover more about S&P Global's offerings
Investor Relations中国汽车官网日本語サイト 한국 자동차 사이트
S&P Global Mobility
  • Who We Serve
  • Capabilities
  • Analysis & Podcasts
  • Experts & Events
  • Login
  • Contact Us
  • Who We Serve
      • Agencies & Media
      • Automakers
      • Energy & Infrastructure
      • Financial Companies
      • Government
      • Insurance Companies
      • Logistic Companies
      • National Sales Companies & Dealers
      • Suppliers
      • Tech Companies
  • Capabilities
      Forecasting & Planning
      • Vehicle Demand
      • Vehicle Production
      • Technology
      • Sustainable Mobility
      Sales Performance & Marketing
      • Marketing Activation
      • Sales Optimization
      • Industry Performance
      • automotiveMastermind
      Vehicle In Use
      • Parts Demand & Fitment
      • Owner Notification
      • Vehicle Identification
      • CARFAX
  • Analysis & Podcasts
      CONTENT
      • Podcasts
      • Research & Analysis
      Subscribe to our Monthly Automotive Newsletter & PodcastTOPICS
      • Electric Vehicle Trends
      • Mobility of the Future
  • Experts & Events
      Events
      • All Events
      • In Person Events
      • Webinars
      • Webinar Replays
      Expertise
      • All Experts
  • Login
      • Automotive Aftermarket (Worldview)
      • Automotive Catalyst for Insight
      • Automotive MarketInsight
      • Automotive Planning Solutions
      • Automotive Vehicle Performance and Compliance Monitor (VPaC)
      • Automotive Vehicle Technical Intelligence Platform (VTIP)
      • Connect
      • TIPNet
  • Contact Us
      • Agencies & Media
      • Automakers
      • Energy & Infrastructure
      • Financial Companies
      • Government
      • Insurance Companies
      • Logistic Companies
      • National Sales Companies & Dealers
      • Suppliers
      • Tech Companies
    • Forecasting & Planning
      • Vehicle Demand
      • Vehicle Production
      • Technology
      • Sustainable Mobility
      Sales Performance & Marketing
      • Marketing Activation
      • Sales Optimization
      • Industry Performance
      • automotiveMastermind
      Vehicle In Use
      • Parts Demand & Fitment
      • Owner Notification
      • Vehicle Identification
      • CARFAX
    • CONTENT
      • Podcasts
      • Research & Analysis
      Subscribe to our Monthly Automotive Newsletter & Podcast
      TOPICS
      • Electric Vehicle Trends
      • Mobility of the Future
    • Events
      • All Events
      • In Person Events
      • Webinars
      • Webinar Replays
      Expertise
      • All Experts
      • Automotive Aftermarket (Worldview)
      • Automotive Catalyst for Insight
      • Automotive MarketInsight
      • Automotive Planning Solutions
      • Automotive Vehicle Performance and Compliance Monitor (VPaC)
      • Automotive Vehicle Technical Intelligence Platform (VTIP)
      • Connect
      • TIPNet
    BLOG May 15, 2019

    New vehicle sales in Philippines remain flat in April

    Jamal Amir

    (Excerpt)

    New vehicle sales in the Philippines stood at 25,799 units during April, up 0.8% year on year (y/y), reports the Philippine Star, citing data released by the Chamber of Automotive Manufacturers of the Philippines Incorporated (CAMPI) and the Truck Manufacturers Association (TMA). Of this total, sales of passenger vehicles fell by 22.7% y/y to 7,661 units, while commercial vehicle (CV) sales rose 15.7% y/y to 18,138 units. In the year to date (YTD), total vehicle sales in the country are down 0.4% y/y at 111,187 units. This is split between passenger vehicle sales of 33,833 units (down 12.8% y/y) and CV sales of 77,354 units (up 6.3% y/y). "Sales last month remain erratic on a monthly basis, but we expect that positive growth trend on a yearly basis will continue to improve in the coming months," said CAMPI president Rommel Gutierrez.

    Significance: The Philippine new vehicle market has remained in positive territory for the past three months. The marginal growth in April was mainly due to a low base of comparison However, despite the improvements over the last three months, YTD sales remain in negative territory, mainly due to the implementation of higher vehicle excise taxes; higher petroleum prices, which have raised the total cost of owning a vehicle; and the indirect impact of higher interest rates and inflation, which have affected buyer preferences and priorities. As reported earlier, the industry hopes to recover with a 10.0% y/y increase in sales during 2019. IHS Markit expects light-vehicle sales in the country, including passenger vehicles and light commercial vehicles, to grow by 8.9% y/y to 422,827 units in 2019, mainly thanks to new model launches and a low base of comparison.


    This article was published by S&P Global Mobility and not by S&P Global Ratings, which is a separately managed division of S&P Global.

    Previous Next
    Tags
    • Automotive
    • Light Vehicles
    • Medium and Heavy Trucks
    • Philippines
    • Asia Pacific
    Recommended for you

    Model-level Autonomy Forecasts
    Automotive Audience Solutions
    MobilityInsight
    Automotive Loyalty Analytics

    Get the latest electrification insights from S&P Global Mobility

    Take me there

    Get insights straight from our experts

    Access upcoming and on-demand webinars or events
    Mobility Events

    Mobility News & Assets Community [MNAC]

    Access mobility news clippings, thought-leadership articles, on-demand podcasts, webcasts and other assets with essential intelligence- contributed by our team of experts and partners.
    Visit MNAC
    Related Posts
    VIEW ALL
    Blog Sep 15, 2023

    S&P Global Mobility Analysis: UAW Strike

    Blog Sep 13, 2023

    What do Tesla owners buy when they return to market?

    Blog Sep 07, 2023

    US commercial vehicle fleet registrations roaring back from pandemic lows

    VIEW ALL
    {"items" : [ {"name":"share","enabled":true,"desc":"<strong>Share</strong>","mobdesc":"Share","options":[ {"name":"facebook","url":"https://www.facebook.com/sharer.php?u=http%3a%2f%2fwww.spglobal.com%2fmobility%2fen%2fresearch-analysis%2fnew-vehicle-sales-in-philippines-remain-flat-in-april.html","enabled":true},{"name":"twitter","url":"https://twitter.com/intent/tweet?url=http%3a%2f%2fwww.spglobal.com%2fmobility%2fen%2fresearch-analysis%2fnew-vehicle-sales-in-philippines-remain-flat-in-april.html&text=New+vehicle+sales+in+Philippines+remain+flat+in+April+%7c+S%26P+Global+","enabled":true},{"name":"linkedin","url":"https://www.linkedin.com/sharing/share-offsite/?url=http%3a%2f%2fwww.spglobal.com%2fmobility%2fen%2fresearch-analysis%2fnew-vehicle-sales-in-philippines-remain-flat-in-april.html","enabled":true},{"name":"email","url":"?subject=New vehicle sales in Philippines remain flat in April | S&P Global &body=http%3a%2f%2fwww.spglobal.com%2fmobility%2fen%2fresearch-analysis%2fnew-vehicle-sales-in-philippines-remain-flat-in-april.html","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=New+vehicle+sales+in+Philippines+remain+flat+in+April+%7c+S%26P+Global+ http%3a%2f%2fwww.spglobal.com%2fmobility%2fen%2fresearch-analysis%2fnew-vehicle-sales-in-philippines-remain-flat-in-april.html","enabled":true}]}, {"name":"rtt","enabled":true,"mobdesc":"Top"} ]}
    Filter Sort
    • About Mobility
    • Contact Customer Care
    • Contact Sales
    • Subscribe
    • Careers
    • Corporate Responsibility
    • History
    • Investor Relations
    • Press
    • © 2023 S&P Global
    • Terms of Use
    • Cookie Notice
    • Privacy Policy
    • Do Not Sell My Personal Information