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!

In the first half of 2022, regional sales rose by 2.5% to 703,309 units, although the CV performance of the seven different markets in the region (excludes China) was either very positive or extremely negative.

VWCO is in the process of entering the Philippine commercial vehicle market this year through the local MAN truck distributor MAN Automotive Concessionaires Corporation of Quezon City, the Philippines. 

The market for commercial vehicles over 2 tons gvw in the Philippines continued to recover in the fourth quarter of 2021, by over 23% to record 28,223 units after declining by 32% to 22,860 units in the same period of the previous year, according to www.AsiaMotorBusiness.com analysis of data sourced from the industry. 

Sales of pickup trucks increased by over 13% to 15,002 units in the fourth quarter of 2021 after declining by 17% to 13,227 units in the same period of the previous year, as the economy continued to rebound from sharp declines in 2020. Full year sales were up by almost 20% at 48,101 units following a 41% decline to 40,187 units in 2020.