MANILA, Philippines — Motor car and motorbike output, as effectively as sales in the Philippines, recorded a double-digit fall from January to November past yr compared to a 12 months ago on ongoing weak industry demand from customers owing to the pandemic.
Info from the Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) showed motor automobiles assembled in the Philippines reached 61,257 units in the 11-thirty day period interval, down 30 per cent from the 87,864 units in the same period of time in 2019.
All other ASEAN international locations protected by the AAF report also described a drop in automobile creation from January to November final year.
Putting up the biggest reduction in motor car or truck assembly was Indonesia (-47.7 percent), followed by Thailand (-31.7 percent), Malaysia (-18.7 per cent), Myanmar (-15.4 percent), and Vietnam (-13 %).
As of stop-November, ASEAN’s total motor car or truck output fell by 34 percent to 2.55 million units from 3.86 million units in the prior calendar year.
AAF info confirmed the Philippines’ motor motor vehicle product sales were also down by 42 p.c to 196,197 models from January to November 2020 in contrast to 336,226 units in the similar period in 2019.
Most of the Philippines’ neighbors in ASEAN also registered lessen motor vehicle revenue these kinds of as Indonesia (-49.6 per cent), Singapore (-39 %), Thailand (-25 percent), Myanmar (-21.6 percent), Malaysia (-17.2 percent), and Vietnam (-14 percent).
Only Brunei noticed its motor car profits improve by 14 % to 12,505 models in the 11-thirty day period time period in 2020 from 10,949 units in 2019.
Motor automobile product sales in ASEAN reduced by 32 p.c to 2.14 million units from January to November 2020 in comparison to the past year’s 3.15 million units. .
As for bike creation, the AAF facts confirmed the Philippines’ output was slice by near to 50 percent to 565,407 models as of end-November final 12 months in comparison to the 1.09 million models a year ago.
The country’s neighbors with motorcycle assembly operations also experienced reduced output such as Thailand (-18.6 per cent) and Malaysia (-13.6 per cent).
A complete of 2.46 million motorcycles were generated in the ASEAN as of stop-November very last yr, down 27.5 per cent from 3.39 million models in the earlier year.
Motorbike product sales in the Philippines slid by 32 percent to 1.07 million units from January to November from 1.57 million models in the same period in 2019.
Dips ended up also observed in motorbike product sales of Singapore (-46 per cent), Thailand (-13.3 percent), and Malaysia (-11.6 %) in the 11-month period.
As of stop-November, overall motorbike product sales in the region declined by 21 percent to 2.92 million models from the previous year’s 3.69 million models.