PHL lags in motor vehicle production

THE Philippines has produced 84,138 motor vehicles in the first 11 months, a 6.9-percent increase compared to the same period in 2021, according to Asean Automotive Federation (AAF).

While the country continued to post an increase in motor-vehicle production, data shows it still lags behind majority of its neighbors in the Southeast Asia region.

Based on data from the AAF, Myanmar posted a triple-digit growth of 134.4 percent in motor vehicle production compared to the same period in 2021;

This was followed by Vietnam, with 52.7-percent growth; Malaysia growing by 48.2 percent; Indonesia by 32.5 percent; Thailand with 16.9 percent growth; and, the Philippines by 6.9 percent.

Total motor vehicles assembled in the region as of November reached 4.06 million, a 27.4 percent growth from the 3.18 million motor vehicles produced in the same period last year.

Meanwhile, in terms of motor vehicle sales, the Philippines sold 315,337 units in the 11-month period, a 31 percent increase yearon-year. Data shows that this is the third largest growth among the countries in the Association of Southeast Asian Nations (Asean) during the said period.

Malaysia had the biggest growth in motor vehicle sales at 44.8 percent followed by Vietnam at a 43.5 percent growth.

Motorcycles, scooters

INDONESIA and Thailand posted increases, at 19.2 percent and 22.6 percent, respectively.

On the other hand, Singapore and Myanmar posted declines in motor vehicle sales, at 28.8 percent and 17.2 percent, respectively.

Motor vehicle sales in Asean grew by 27.2 percent to 3.13 million motor vehicles from the 2.46 units sold in the same period a year ago.

Data from the AAF also showed that the Philippines’s motorcycles and scooters production increased by 7.1 percent to 865,246 units.

Malaysia and Thailand posted increases in motorcycle and scooter production, at 43.6 percent and 13.8 percent, respectively.

Motorcycles and scooters produced within the region increased by 16.4 percent to 3.32 million units.

The Philippines posted an 11.2 percent increase in motorcycle and scooter sales during the 11-month period, selling 1.45 million units.

Malaysia had the largest growth in motorcycle and scooter sales, growing by 42.5 percent to 617,448 units. This was followed by Thailand with a 12.8 percent increase, selling 1.65 million units.

Likewise, Singapore posted growth at 5.5 percent, selling 11,049 motorcycles and scooters.

Motorcycles and scooters within Asean increased by 16.1 percent to 3.73 million units, from the 3.21 million units recorded in the same period a year ago.