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Philippine April motor vehicle output falls; lagging growth elsewhere in ASEAN 

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PHILIPPINE motor vehicle output in April fell 4.2% year on year in April to 5,943 units, making it the only ASEAN country to report a decline in production.  

The ASEAN Automotive Federation (AAF) said on its website that Myanmar posted 45,600% growth, Thailand 12.9%, Indonesia 11%, Malaysia 6.5%, and Vietnam 4.5% growth.

Year-to-date motor vehicle production also showed the Philippines with the only decline in Southeast Asia, down 6.7% at 24,080 units.

Myanmar posted year-to-date growth of 124.7% during the period, followed by Indonesia with 36.2%, Vietnam 27.8%, Thailand 8%, and Malaysia 5.2%.

In the region, year-to-date motor vehicle production grew 16.5% to 1.41 million units.

In terms of sales, Philippine deliveries in April in April rose 40.9% year on year to 25,149 units, putting sales growth at third in the region behind Myanmar with 132.6% growth and Vietnam 40.9%. Indonesia posted 31.2% growth, and Thailand 9.1%. The only decline in sales was posted by Singapore at minus 28.9%.

Year-to-date sales in the Philippines rose 13.3% to 99,903 units. The sales growth leader for the period was Indonesia with 38.6%, Vietnam 31.5%, Myanmar 19.3%, and Thailand 2.7%. Singapore sales dropped 40.1% during the period.

Philippine motorcycle and scooter production in April fell 19.1% year on year to 63,529 units. Malaysia and Thailand also posted declines of 2.9% and 0.5%.  

In the year to date, Philippine motorcycle and scooter output fell 14.1% to 291,557 units. The corresponding declines in Malaysia and Thailand were 11.1% and 4.3% respectively.

Philippine motorcycle and scooter sales in April rose 46.9% to 120,655 units. Declines were recorded in Thailand (minus 9%), Singapore (minus 4.9%), and Malaysia (minus 2.3%).

Year-to-date sales of motorcycles and scooters in the Philippines rose 2.1% to 504,010 units. Thai sales rose 0.1%, while Malaysia sales fell 12.1% and Singapore sales fell 4.3%. — Revin Mikhael D. Ochave

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  • Published: 4 weeks ago on May 31, 2022
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  • Last Modified: May 31, 2022 @ 12:51 pm
  • Filed Under: Economy, Editor's Pick

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