The Philippines market for commercial vehicles over 2 tons gvw continued to edge lower in the second quarter of 2023 following a strong rebound to 28,002 units in the same period of last year.

Hariphil Asia Resources Inc (HARI), the Manila-based distributor of Hyundai commercial vehicles, launched the light-duty public bus after it was issued with a Certificate of Compliance (COC) in July by the Department of Transportation.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, declined by almost 9% to 308,421 units in the second quarter of 2023 from 338,668 units.

The Philippine market for commercial vehicles over 2 tons gvw shrank by more than 3% in the first quarter of 2023 after growing by 12% in the same period of last year.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, fell by over 2% year-on-year to 372,543 units in the first quarter of 2023 after growing just 1.6% to 364,641 units in the fourth quarter of last year.

The first truck to be assembled is a Dayun Dragon E5 3-ton payload truck.

Hino looks to compete in the LCV market against other Japanese brands in competetive SE Asian market.

Foton Motor Philippines Inc assembles a range of vehicles in the Philippines since 2016.

The CV market in the Philippines is dominated by the pick up sector.

The seven major markets of East Asia (excluding China) has grown by 125,000 commercial vehicles in the last two years.

Chassis are shipped from Suzhou in China for bodying by local body builder, Del Monte Motor Works Inc.

Strong Q2 CV sales growth in the Philippines follows spectacular rebound of 130% in the same period in 2021!