PHL lags behind in car manufacturing

The Philippines produced 84,138 motor autos within the first 11 months, up 6.9 p.c from the identical interval in 2021, in response to the Asean Automotive Federation (AAF).

Whereas the nation has continued to see will increase in motorized vehicle manufacturing, the information reveals that it nonetheless lags behind the vast majority of its neighbors within the Southeast Asia area.

Based mostly on information from AAF, Myanmar noticed triple-digit progress in motorized vehicle manufacturing of 134.4 p.c in comparison with the identical interval in 2021;

Vietnam adopted with 52.7 p.c progress; Malaysia grows 48.2 p.c; Indonesia by 32.5 p.c; Thailand with 16.9 p.c progress; and the Philippines by 6.9 p.c.

The overall variety of vehicles assembled within the area reached 4.06 million in November, a 27.4 p.c improve from the three.18 million vehicles produced in the identical interval final 12 months.

In the meantime, by way of motorized vehicle gross sales, the Philippines offered 315,337 models within the 11-month interval, up 31 p.c year-on-year. The information reveals that that is the third largest progress among the many Affiliation of Southeast Asian Nations (ASEAN) nations in the course of the stated interval.

Malaysia noticed the most important progress in motorized vehicle gross sales at 44.8 p.c, adopted by Vietnam with 43.5 p.c progress.

bikes, scooters

INDONESIA and Thailand recorded will increase of 19.2 p.c and 22.6 p.c, respectively.

In distinction, Singapore and Myanmar noticed car gross sales decline by 28.8 p.c and 17.2 p.c, respectively.

ASEAN car gross sales rose 27.2 p.c to three.13 million autos from 2.46 models offered in the identical interval final 12 months.

Knowledge from the AAF additionally confirmed that manufacturing of bikes and scooters within the Philippines rose 7.1 p.c to 865,246 models.

Malaysia and Thailand noticed will increase in motorbike and scooter manufacturing of 43.6 p.c and 13.8 p.c, respectively.

The bikes and scooters produced within the area elevated by 16.4 p.c to three.32 million models.

The Philippines recorded an 11.2 p.c improve in motorbike and scooter gross sales in the course of the 11-month interval, promoting 1.45 million models.

Malaysia noticed the most important progress in motorbike and scooter gross sales, up 42.5 p.c to 617,448 models. Thailand adopted with a rise of 12.8 p.c and 1.65 million models offered.

Likewise, Singapore noticed progress of 5.5 p.c, promoting 11,049 bikes and scooters.

Bikes and scooters inside ASEAN rose 16.1 p.c to three.73 million models, versus 3.21 million models recorded in the identical interval a 12 months in the past.

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