Excel Dataset

We purchase new vehicles registrations for 159 countries worldwide – included this one – from the local official authorities and receive a monthly file with raw data by country.

You can have access to this service:

• Data by Year/Month/Brand/Model/Segment
• Historical data (from 2010 to last month) and/or to monthly sales update.
• Next Year’s Forecast
• Data is released in excel via mail or cloud.

Last 2 years dataset cost €3.000. 

The service cost is correlated with the data perimeter and you will have a customized quotation just contacting us at info@focus2move.com

Market Report

The report provides a comprehensive and complete overview of the market competitive environment including information on the sales volumes of cars and light commercial vehicles, market size, market share, and industry trends.

Through our comprehensive global sales database and the expertise of seasoned consultants in this field, we can help you gain further insight into the automotive market trends and base your business decisions on actionable data.

Table of contents

• Country Overview
  • Geography
  • History
  • People & Politics
• Economic Outlook
  • Economy
  • Infrastructure
• Market Outlook
  • Market Heritage
  • Car Passenger’s segmentation
  • LCVs segmentation
  • Car Passengers Body Type mix
  • LCVs Body Type mix
  • Premium segment share
  • Chinese OEMs share
• Key Players
  • Top selling Groups 2022
  • Top selling Brands 2022
  • Premium Brands
  • Chinese Brands
• Market Data By Model
  • Top selling Models 2022
  • Top models by segment and body type
• Key Factors for market Evolution
  • Country development
  • Economic Outlook
  • Customer base evolution
  • Low-Carbon Transition Policy
  • Infrastructure & Investments
• 2023-2028 Volume Forecast
  • TIV evolution by segment
  • Cars and LCVs forecast
  • Segments forecast
  • Premium segment share forecast
  • Chinese OEMs share forecast
  • Forecast by Manufacturer

Price for market research: €2,500

Price for market research + Last 2 Years dataset in excel: €4,000

For further inquiries contact us at info@focus2move.com

Market Trend and Outlook

The Philippine economy in 2022 reported one of the highest growth rates among global emerging economies. While GDP growth is set to moderate to 6 percent in 2023 caused by a challenging external environment: with the Bangko Sentral ng Pilipinas (BSP) hiking policy rates to 6.25% in hope of anchoring inflation expectations.

Despite 2023 forecasted to have a lower growth that 2022, Philippine’s vehicle market is still performing strongly with sales in September 2023 rising for the 19th consecutive month, reporting 38,168 new registrations (+12.5%). YTD figures reach 310,639 a 22.0% increase from the previous year. 

In the competitive arena, cumulative figures from the first 3 quarters of 2023 report that the leader Toyota is up a huge 15.7%, followed by Mitsubishi (+64.7%), Ford (+38.7%), Nissan (+17.9%), Suzuki (-7.1%) and Honda (+20.3%).

Looking at the best selling models the Toyota Vios is on top with a 16.8% year-on-year increase in sales, followed by the Toyota Hilux up 1.2%.

Medium-Term Market Trend

The Philippines market have been one of the fastest growing in the decade before the covid arrive, with sales jumped from just over 150k in the 2010 to over 400K in 2019, with a peak hit in the 2017, when the all-time record was established at 487.000.

In the 2020 the pandemic arrival caused prolonged shutdown in plants and dealership and the market really collapsed losing 40.8% versus the previous year, hitting the worse level out if the previous seven years.

However, the fall was not caused by structural reasons and the recovery was immediate with 2021 sales recovering the 300k level. 

The uptrend continued into 2022, with the market rising another 7.2% to 398,848 cumulative sales.

Future perspectives are positive, considering the market potential is not far from the 1 million annual sales and we foresee this market as one of the best performing between now and the 2030.

Tables with sales figures

In the tables below we report sales for top 10 Brands and top 10 Models

Market Trend and Outlook

Philippine’s vehicle market in 2022 totaled 362,508 sales, a 26.1% increase from 2021 and the second consecutive yearly double-digit growth. The overall strong trend was sustained by a 10 month long rise culminating in December. The last month of the year, in fact, reported 38,072 sales and a 21.5% year-on-year surge in volume.

In the competitive arena, cumulative figures from 2022 report that the leader Toyota is up a huge 34.2%, followed by Mitsubishi (+41.7%), Ford (+23.5%), Nissan (+8.5%), Suzuki (+2.8%) and Honda (+9.8%).

Chinese manufacturers are fast growing with Geely up 52.4%, Foton +21.1% and Chery +147.2%.

Tables with sales figures

In the tables below we report sales for top 10 Brands and top 10 Models

Market Trend

The Philippines car market this year recovered from the pandemic crash of 2020 and reported a very strong performance in Q2, while all other quarters were stable.

The market boomed in the last decade resulting in one of the top 3 fastest-growing markets in the World. Recently, total vehicle sales grew up from 170,827 in 2012 to a record of 483,734 in 2017. Then the winds changed.

In 2018, after thirteen consecutive years of growth, the introduction of a new tax (called “TRAIN”) pushed up the price for all vehicles (and fuel), but pickups and van, hitting the market and altering the competitive landscape and sales fell down 11.8% at 413,216. In 2019 the industry has progressively digested the effect of TRAIN and total vehicle sales have been 418,973, up 3.3%.

As expectations for sales in 2020 were already negative pre-pandemic due to the lower economic growth, they have been influenced heavily by the COVID-19 pandemic, impacting all sectors. In fact, 248,804 units have been sold, reporting a decline of 40.6%.

In 2021 the year started positively for the Philippines car market, in fact, in Q1 75,844 units have been sold, reporting an 3.2% increase in sales compared to Q1 2020, while in Q2 sales started growing quickly, reporting a 195.3% increase in sales with 68,476 units due to the very low volumes in Q2 2020.

In Q3 sales fell 1.7% with 68,284 units, followed by a flat Q4 with 82,496 units (-0.1%).

Indeed, Full-Year sales for 2021 have been 295,100, reporting a 18.7% increase compared to 2020.

Brand-wise, this year the leader Toyota (+29.9%) gained 3.8% market share, followed by Mitsubishi (+0.5%), which lost 2.3% share. Ford -up 3 spots- on the other hand gained 0.9% share, rising 35.9%.  Nissan fell in 4th place and lost 9.4%, followed by Suzuki which gained 21%.

Isuzu rose 28.3%, followed by Honda (+8%) and Hyundai -down 4 spots- which reported the worst performance by losing 40.2%. Closing the leaderboard we have MG gaining 84.8% this year and Geely entering the leaderboard by jumping 2 spots, gaining 182.9%.

Tables with sales figures

In the tables below we report sales for top 10 Brands, top 10 Manufacturers Groups.

Market Trend

The Philippines car market has been hit in 2020 by the world-wide COVID-19 pandemic which has impacted sales significantly.

The market boomed in the last decade resulting in one of the top 3 fastest-growing markets in the World. Recently, total vehicle sales grew up from 170.827 in 2012 to a record of 483.734 in 2017. Then the winds changed.

In 2018, after thirteen consecutive years of growth, the introduction of a new tax (called “TRAIN”) pushed up the price for all vehicles (and fuel), but pickups and van, hitting the market and altering the competitive landscape and sales fell down 11.8% at 413.216. In 2019 the industry has progressively digested the effect of TRAIN and total vehicle sales have been 418.973, up 3.3%.

The expectations for 2020 were not positive with a negative outlook – before the Covid19 crisis –  due to the lower economic growth.

Indeed, Full-Year sales for 2020 have been 248.804, reporting a decline of 40.6% compared to 2019.

Brand-wise, this year the leader Toyota (-38.3%) gained 1.5% market share, followed by Mitsubishi (-40.9%), which lost 0.1% share. Nissan on the other hand lost 1.5% share, falling 49.2%.  Hyundai remained in 4th place despite reporting the worst performance in the leaderboard (-50.7%), followed by Suzuki which lost 35.1%.

Ford lost 32.4%, followed by Honda (-42.4%) and Isuzu which reported the top 10 hold by losing “only” 19.5%. Closing the leaderboard we have MG losing 32.5% this year and Foton entering the leaderboard by jumping 1 spot, losing 42.8%.

Tables with sales figures

In the tables below we report sales for all Brands and top 10 Groups.

Philippines vehicles market in the last decade boomed resulting one of the top 3 fastest growing markets in the World. Recently, total vehicles sales grew up from 170.827 in the 2012 to a record of 483.734 in the 2017. Then the winds changed.

In the 2018, following years or records, the introduction of a new tax (called “TRAIN”) pushed up the price for all vehicles (and fuel), but pickups and van, hitting the market and altering the competitive landscape.

Indeed, after thirteen consecutive years of growth, sales fell down 11.8%, ending with registrations at 413.216.

In the 2019 the industry has progressively digested the effect of TRAIN and total vehicles sales have been 418.352, up 3.3%.

Toyota dominates the market despite the current share at 38.6% is below the record hit in the 2014 (40.8%), while over 5 points more than in the 2010.

In second place Mitsubishi is steady losing terrain with current share at 15.53, down 3.7 points from the 2010, while 1.1 points better than the negative peak hit in the 2016 at 14.1%. Hitting the best year ever, Nissan just outpaced Hyundai for the third place, with full year 2019 share at the record of 10.2%.

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models

Economic Environment

Philippines’ economy The economy likely ended 2018 on a strong note, with Q4’s average PMI print posting the strongest quarterly result of the year and cash remittances sustaining solid growth in October and November. Nevertheless, the trade deficit remained elevated near a record high in November, as exports contracted on a drop in electronic parts shipments.

The economic outlook for 2019 remains promising thanks to a thriving domestic economy. Solid household spending, fueled by remittances, and strong investment, which should be driven in part by the government’s infrastructure program, should underpin domestic demand.

However, if the government budget standoff drags on, H1 growth could be hampered significantly.

Market Trend

Philippines vehicles market in the last decade boomed resulting one of the top 3 fastest growing market in the World. Recently, total vehicles sales grew up from 170.827 in the 2012 to a record of 483.734 in the 2017. Then the winds changed.

In the 2018, following years or records, the introduction of a new tax (called “TRAIN”) pushed up price for all vehicles (and fuel), but pick ups and van, hitting the market and altering the competitive landscape. Indeed, after thirteen consecutive years of growth, sales fell down 11.8%, ending with registrations at 413.216.

Competitive Arena

Brand-wise, the market is dominated since ever by Toyota which year to date sold  159.291 vehicles (-12.8%) with market share at 36.7%.

In second place Mitsubishi with 70.810 sales (-1.2%) and in third Hyundai with 36.147 (-4.1%). In fourth place Nissan with 36.075 (+44.3%) followed by Ford with 26.241 (-28.3%) and Honda with 24.700 (-22.2%).

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models

Philippines growth in economic activity slowed somewhat in the fourth quarter of 2017, according to the latest indicators. Retail sales expanded annually in both October and November, but at a decelerating pace. Moreover, after October’s robust rebound, annual growth in exports eased significantly in the following month.

On 19 December, President Duterte signed into law the Tax Reform for Acceleration and Inclusion (TRAIN), which came into effect at the beginning of 2018. The TRAIN entails lower personal income tax rates for most of the population; only the top rate increased from 32% to 35%.

The package also includes higher duties on cars, fuel and sugary drinks, which makes the revenue impact of the reform uncertain.

Philippines vehicles market in the last decade boomed resulting one of the top 3 fastest growing market in the World. Recently, total vehicles sales grew up from 170.827 in the 2012 to a record of 483.734 in the 2017 and a new record is projected for the end of the 2017, not far from the half million level.

In the 2018 the market is actually foreseen at a new hit, but the Government has anticipated to the automotive industry the intention to introduce new duties, from January, with immediate effects on final vehicles price.

The market is concentrated in the hands of Japanese brands, while Hyundai is progressively taking space. In the full year 2017, the market leader, Toyota sold  182.677 vehicles (+15.1%) with market share at 37.5%.

In second place, Mitsubishi with 65.859 (Mitsubishi Fuso not included) sales (+17.8%) and in third Hyundai with 37.678 (+11.8%).

In fourth place Ford with 36.714 (+9.0%) followed by Honda with 31.758 (+36.9%) and Isuzu with 30.187 (+10.3%).

At model-wise, the best selling car was the Toyota Fortuner with 39.680 sales (+39.0%) followed by the Toyota Vios with 36.734 (+1.3%) and the Toyota Innova with 24.434 (+34.7%).

As Annual Member you have access to the Philippines Best Selling Car Ranking

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models

After Q3’s impressive GDP reading, recent high frequency indicators suggest that growth in the Philippines likely moderated in the final quarter of the year. Growth in manufacturing activity, despite remaining robust, most probably slowed slightly in the fourth quarter according to leading indicators.

Moreover, the typhoon that hit the Philippines in December caused extensive damage, cutting off power to millions and negatively affecting agricultural production.

The automotive industry is a key fuel of booming economy and in the 2016 has beaten many records. The domestic sales hit the all time record for the 5th year in a row, outpacing the milestone of 0.4 million vehicles, just four years after having outplaced the 0.2 million, showing the best trend in the World.

According to data reported by AVID, Campi and TMA, vehicles sales had been 419.063, near 100.000 more than in the previous year, up 27.4%, the second best annual increase among the Top 60 vehicles market in the World (a 0.1 less than the best, Iran).

Toyota improved sales by 25.4% at 158.715 units and was followed by Mitsubishi (+13.1%), Hyundai (+52.8%), Ford (+32.8%) and Isuzu (+21.2%).

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models

Economic Outlook

The economy gained steam in the final quarter of 2015, growing a stronger-than-expected 6.3%. This pushed full year economic growth to 5.8%. Q4’s acceleration was underpinned by upticks in fixed investment and private consumption as well as by buoyant public spending.

While government spending in the past often fell short of official targets, the strong readings observed in Q3 and Q4 are related to the upcoming presidential elections in May.

Throughout 2015, household spending benefited from remittances inflows and a dynamic business outsourcing sector, while fixed investment was sustained by the government’s infrastructure projects. In fact, the strength of the domestic economy more than compensated for shrinking exports, which suffered from turmoil in China and other emerging markets, in Q4 and in 2015 as a whole.

Market Outlook

in the 2015 the automotive industry celebrated the seventh all time record in a row, the best growing string actually in place world-wide with total vehicles volume three time higher than 7 years ago and still strong positive expectations for the future.

According to data aggregated from the many local associations, including AVID, the Marketing Committee of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA),  in the 2015 total vehicles sales had been 324.775, up 20.4% from the previous record.

Toyota reported 125.025 sales (+18.4%) with market share at 38.5% well ahead of the second, Mitsubishi with 54.087 (+8.0%) that during the year has purchased the local plant to Ford, third in sales ranking with 25.372 (+24.7%).

Isuzu was fourth with a strong +59.7% (22.569 sales) outpacing Hyundai, fifth with 22.058 (-4.2%). Record sales reported by Honda at 19.315, Nissan at 11.420, Suzuki at 10.487 and Kia at 10.010.

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models