The Philippines is the fourth largest market for automotive in Asean but is fifth in terms of production, data showed .
The Asean Automotive Federation (AAF) said Philippine sales totaled 336,226 units in January to November 2019, an increase of 3 percent from 325,465 units sold in the same period in 2018.
This is about 11 percent of total sales in the region of 3.147 million units, 3 percent lower than the 3.23 million units sold in the 11-month period of 2018.
Indonesia led the region in sales of 940,362 units down 11 percent. This was followed by Thailand, 918,267 units, down 1 percent and; Malaysia, 549,445 units, down 2 percent
Other Asean countries and their sales: Vietnam, 289,128 units; Singapore, 84,171 units; Myanmar, 19,274 units and; Brunei, 10,949 units.
AAF data also showed the Philippines’ output rose 16 percent to 87,864 units in January to November last year from 75,654 units in the same period in 2018.
This is a mere 2.23 percent of total Asean output which stood at 3.86 million units in the 11-month period of 2019, down 4 percent from the previous year.
Thailand, the region’s largest exporter of vehicles, produced 1.88 million units , down 6 percent followed by Indonesia, 1.19 million units; Malaysia, 528,333 units; Vietnam 160,639 units.
