Japanese car sales in the Philippines drop 68% in Q2

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MANILA – Sales of Japanese automakers in the Philippines fell by at least 68% in the second quarter of the year due to the disruption caused by the coronavirus pandemic, with some signs of recovery seen on a monthly basis, according to figures from industry associations released Monday.

Data from the Philippine Chamber of Automobile Manufacturers and the Truck Manufacturers Association showed that large Japanese companies in the country sold 18,046 units.

During the three month period, Toyota Motor Philippines Corp. sold the most vehicles with 9,952 units, followed by Mitsubishi Motors Philippines Corp. with 2,898 units and Suzuki Philippines Inc. 1,793 units.

Nissan Philippines, Inc. sales were 1,191 units, Isuzu Philippines Corp. to 1,141 units, Honda Cars Philippines Inc. to 993 units and Sojitz Fuso Philippines Corp. to 78 units.

Monthly trends suggest some degree of optimism for Japanese automakers in the country, with vehicle sales rising to 4,067 units in May from 100 in April.

posting an increase of 3,967 percent from April to May as sales rose from 100 to 4,067 units.

From May to June, a 241% increase was observed, with sales increasing from 4,067 to 13,879 units.

Taken as a whole, the Philippine auto industry showed signs of recovery from May to June, posting a 225% gain with vehicles sold increasing from 4,788 to 15,578 units.

“This positive growth shows the first signs that consumer demand for new cars is starting to improve, albeit slowly,” said CAMPI President Rommel Guiterrez, adding that the industry may take time to recover, industry sales remaining a challenge.

Guiterrez, who is also vice president of Toyota Motor Philippines Corp., said the company was maximizing digital platforms to promote sales in an effort to adapt to the “new normal.”

The pandemic has caused a slowdown in businesses across the country in recent months due to the large-scale lockdown imposed by the government.

On Monday, authorities recorded 57,006 cases of the disease caused by the new coronavirus, including 1,599 deaths.

Japanese Cars, Toyota, Mitsubishi, Suzuki, Nissan, Honda, Fuso, Philippine Automobile, Philippines, Philippine Chamber of Automobile Manufacturers, Truck Manufacturers Association

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