PHILIPPINE MOTOR VEHICLE production
In September, there was a 23% increase which was the second highest compared to six other countries in the Association of Southeast Asian.
Data revealed that members of the Association of Southeast Asian Nations (ASEAN) are countries.
According to the ASEAN Automotive Federation (AAF), 10,822 motor vehicles were manufactured in the Philippines in September, a 23% increase from the 8,800 units produced in the previous year.
Myanmar’s motor vehicle production experienced the most rapid expansion in ASEAN, increasing by 23 times to 206 units from nine units in the previous year.
In September, Malaysia, Thailand, Indonesia, and Vietnam all experienced a decrease in motor vehicle production.
In Malaysia, there was a 0.4% decrease in production of 69,133 motor vehicles, while Thailand experienced an 8.4% decline with 164,093 motor vehicles being produced.
Production of vehicles in Indonesia decreased by 23.8% to 110,401, while Vietnam’s production also experienced a decline of 24% to 14,596 units.
In September, data from AAF indicated a 12.4% decrease in motor vehicle manufacturing in the region, with a total production of 369,251.
During the first nine months of the year, the Philippines experienced the most rapid increase in motor vehicle production, with a growth of 33.3% to 84,929 units from 63,718 units in the previous year.
During the nine-month period, there was an 11.3% increase in vehicle production in Malaysia and a 1.6% increase in Thailand.
In contrast, there was a decrease in production reported by Indonesia (0.4%), Vietnam (28.7%), and Myanmar (73.8%) during the period leading up to September.
According to AAF data, the number of motor vehicle sales in the Philippines increased by 9.5% to 38,628 in September.
During the nine-month period, the number of vehicles sold in the Philippines increased by 26.9%, reaching a total of 314,843 units compared to 248,154 units sold last year.
During the period of January to September, only two ASEAN countries, the Philippines and Malaysia (11.1%), experienced an increase in motor vehicle sales.
At the end of September, there was a decrease in yearly sales in Myanmar (64.1%), Vietnam (29.2%), Singapore (16.3%), Thailand (7.4%), and Indonesia (0.4%).
Between the months of January and September, the collective number of motor vehicles sold in the ASEAN countries was 2.47 million. This is a decrease of 0.9% compared to the 2.49 million sold during the same time frame in the previous year.
Meanwhile, AAF data showed the Philippines posted the fastest year-on-year growth in motorcycle and scooter production among fi
In September, a group of countries called ASEAN met.
Production of motorcycles and scooters increased by 29% in the Philippines. by 4.6% to 92,861 in September from 88,767 last year.
The Philippines was the sole nation to experience growth in production for the month.
In September, the production of motorcycles and scooters decreased in Malaysia by 41.2%, Vietnam by 35.5%, Thailand by 14.4%, and Indonesia by 4.8%.
In September, the overall production of motorcycles and scooters in the region decreased by 15.6%, totaling 1.08 million units.
In the fi
In the first three quarters of 2023, the Philippines experienced the most rapid increase in motorcycle and scooter production, at a rate of 34.6%.
The number of units has risen from 700,021 to 942,255 compared to a year ago.
At the end of September, the production of motorcycles and scooters increased by 23.2% in Indonesia and 11.1% in Thailand.
On the other hand, there was a decrease of 12% and 15.5% in output in Malaysia and Vietnam, respectively.
In the period of nine months leading up to September, the area manufactured 10.14 million motorcycles and scooters, showing a 10.4% increase from 9.18 million in the previous year.
According to the AAF data, motorcycle and scooter sales in the Philippines decreased by 13.6% to 121,574 in September.
In the span of nine months, the Philippines experienced a decrease of 0.3% in motorcycle and scooter sales, with a total of 1.165 million sold compared to 1.168 million in the previous year.
Indonesia and Thailand were the only countries to experience a growth in sales from January to September.
There was a 30.7% decrease in the first category and a 6.1% decrease in the second category.
At the end of September, there were decreases in sales in Singapore (2.4%), Vietnam (14%), and Malaysia (14.4%) on an annual basis.
From January to September, the combined sales of motorcycles and scooters in six ASEAN countries amounted to 9.64 million, showing a 9.2% increase from the previous year’s 8.83 million. – Justine Irish D. Tabile