The Philippines produced 84,138 motor vehicles in the first 11 months, up 6.9 percent from the same period in 2021, according to the Asean Automotive Federation (AAF).
While the country has continued to see increases in motor vehicle production, the data shows that it still lags behind the majority of its neighbors in the Southeast Asia region.
Based on data from AAF, Myanmar saw triple-digit growth in motor vehicle production of 134.4 percent compared to the same period in 2021;
Vietnam followed with 52.7 percent growth; Malaysia grows 48.2 percent; Indonesia by 32.5 percent; Thailand with 16.9 percent growth; and the Philippines by 6.9 percent.
The total number of automobiles assembled in the region reached 4.06 million in November, a 27.4 percent increase from the 3.18 million automobiles 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, up 31 percent year-on-year. The data shows that this is the third largest growth among the Association of Southeast Asian Nations (ASEAN) countries during the said period.
Malaysia saw the largest growth in motor vehicle sales at 44.8 percent, followed by Vietnam with 43.5 percent growth.
INDONESIA and Thailand recorded increases of 19.2 percent and 22.6 percent, respectively.
In contrast, Singapore and Myanmar saw vehicle sales decline by 28.8 percent and 17.2 percent, respectively.
ASEAN vehicle sales increased 27.2 percent to 3.13 million vehicles from 2.46 units sold in the same period last year.
Data from the AAF also showed that production of motorcycles and scooters in the Philippines rose 7.1 percent to 865,246 units.
Malaysia and Thailand saw increases in motorcycle and scooter production of 43.6 percent and 13.8 percent, respectively.
The motorcycles and scooters produced in the region increased by 16.4 percent to 3.32 million units.
The Philippines recorded an 11.2 percent increase in motorcycle and scooter sales during the 11-month period, selling 1.45 million units.
Malaysia saw the largest growth in motorcycle and scooter sales, up 42.5 percent to 617,448 units. Thailand followed with an increase of 12.8 percent and 1.65 million units sold.
Likewise, Singapore saw growth of 5.5 percent, selling 11,049 motorcycles and scooters.
Motorcycles and scooters within ASEAN rose 16.1 percent to 3.73 million units, versus 3.21 million units recorded in the same period a year ago.