MANILA, Philippines — Motor automobile and motorcycle manufacturing, as properly as sales in the Philippines, recorded a double-digit drop from January to November very last yr as opposed to a calendar year ago on ongoing weak market desire because of to the pandemic.
Knowledge from the Affiliation of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) showed motor vehicles assembled in the Philippines attained 61,257 models in the 11-thirty day period period of time, down 30 % from the 87,864 models in the identical period of time in 2019.
All other ASEAN countries covered by the AAF report also documented a decrease in auto creation from January to November previous yr.
Putting up the most important reduction in motor car or truck assembly was Indonesia (-47.7 percent), adopted by Thailand (-31.7 percent), Malaysia (-18.7 p.c), Myanmar (-15.4 p.c), and Vietnam (-13 per cent).
As of finish-November, ASEAN’s full motor car output fell by 34 per cent to 2.55 million units from 3.86 million units in the former year.
AAF data confirmed the Philippines’ motor automobile product sales have been also down by 42 % to 196,197 models from January to November 2020 in comparison to 336,226 units in the identical period of time in 2019.
Most of the Philippines’ neighbors in ASEAN also registered reduce motor car profits these as Indonesia (-49.6 %), Singapore (-39 per cent), Thailand (-25 %), Myanmar (-21.6 %), Malaysia (-17.2 p.c), and Vietnam (-14 %).
Only Brunei saw its motor car gross sales boost by 14 per cent to 12,505 units in the 11-thirty day period period of time in 2020 from 10,949 models in 2019.
Motor automobile revenue in ASEAN lowered by 32 percent to 2.14 million models from January to November 2020 when compared to the past year’s 3.15 million units. .
As for motorcycle output, the AAF info showed the Philippines’ output was reduce by near to 50 % to 565,407 units as of stop-November very last 12 months compared to the 1.09 million models a yr in the past.
The country’s neighbors with bike assembly functions also experienced reduce output these types of as Thailand (-18.6 per cent) and Malaysia (-13.6 %).
A overall of 2.46 million motorcycles were developed in the ASEAN as of finish-November very last year, down 27.5 % from 3.39 million models in the previous 12 months.
Motorcycle sales in the Philippines slid by 32 % to 1.07 million models from January to November from 1.57 million models in the exact same time period in 2019.
Dips ended up also witnessed in motorcycle income of Singapore (-46 %), Thailand (-13.3 percent), and Malaysia (-11.6 p.c) in the 11-thirty day period period of time.
As of finish-November, full bike gross sales in the region declined by 21 p.c to 2.92 million models from the former year’s 3.69 million units.