Changan Motor Philippines, Inc. (CMPI), the country’s official distributor of Changan cars, confidently opens 2023 with 221% growth, from 557 units sold in 2021 to 1787 units in 2022. The company likewise achieved 100% of its sales target for wholesale.
“We started 2022 strong and ended the year on an even stronger note, thanks to the collective efforts of team Changan and our nationwide dealership network, backed by Changan International Corporation, our local business partners, and the growing number of believers in the brand,” said CMPI President and CEO Maria Fe Perez-Agudo.
The first quarter of 2022 saw the launch of the new CS35 Plus which has been making waves for its advanced safety features since its launch at the Manila International Auto Show last March.
The fourth quarter gave the public a rousing preview of what Changan Auto has in store for 2023. The new CS55 Plus, launched in November 2022, makes for a powerful tech-laden contender in the compact crossover segment, geared for a “mannered,” stable ride, yet game enough to brave one’s “wild” side. While the Uni crossovers, the UNI-T and the UNI-K, launched in December 2022, set a bold new standard in lifestyle crossovers with Changan Auto’s latest avant-garde “Vision V” design language and intelligent mobility.
“We expect vigorous sales for the new CS55 Plus, while the UNI-T and the UNI-K work in tandem to bolster the presence of Changan Auto in the Philippines. Expect more excellent product offerings from us before the year ends,” Ms. Agudo furthered.
The inauguration of the Changan National Headquarters on December 2, 2022, at the Auto Resources Center in Calamba City, Laguna is likewise key to advancing Changan Auto’s presence throughout the country as it will serve as the training hub and nerve center for the expansion of the Changan dealership network throughout the country.
“The strong 2022 performance of Changan Auto only serves to drive CMPI and the dealership network to provide nothing but the best products and services to the Philippine market. We’re ready. We’re pulling more surprise punches as we leap into the Year of the Water Rabbit,” concluded Ms. Agudo.
CMPI gains for 2022 reflect Changan International Corporation’s global performance. As of December 2022, CIC’s total revenue worldwide reached US$12.4 billion (B) with the SUV segment accounting for some 66% of the said total. Projected total revenue by the end of 2023 is US $10.47 B and is expected to grow by 1.17% every year, to hit total projected sales of 873.6K units by 2027.