Philippines - Automotive Sales volume, 2024
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*The number of units listed is the number at the time of the announcement.
Flash report, Automotive sales volume, 2024
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.
Flash report, December 2024
Jan 15, 2025
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
Reported on January 15, 2025, the latest data from Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed that new motor vehicle sales in the Philippines in December 2024 increased 7.4% YoY to reach 42,044 units (up 2.8% MoM). Sales of commercial vehicles grew 8.0% YoY to 31,919 units in December, while sales of passenger vehicles rose 5.5% YoY to 10,125 units.
2024 was the Philippine auto market’s strong year, as CAMPI-TMA sales reached 467,252 units, their record-high figure. Despite an increase of 8.7% YoY, the 2024 figure did not hit the sales target of 468,300 units.
In 2024, CAMPI-TMA saw commercial vehicle sales grew 8.1% YoY to 346,482 units. Meanwhile, passenger car sales increased 10.5% to 120,770 units.
Toyota remained the market leader in 2024 as it accounted for 46.7% of total vehicle sales. It was followed by Mitsubishi Motors (19%), Ford (6%), Nissan (5.7%), and Suzuki with 4.4% share.
Philippines - Sales of new vehicles
| Type | Dec. 2024 |
Dec. 2023 |
Y-o-Y | Jan. -Dec. 2024 |
Jan. -Dec. 2023 |
Y-o-Y |
|---|---|---|---|---|---|---|
| Passenger Cars | 10,125 | 9,599 | 5.5% | 120,770 | 109,264 | 10.5% |
| Commercial Vehicles | 31,919 | 29,554 | 8.0% | 346,482 | 320,543 | 8.1% |
| Total | 42,044 | 39,153 | 7.4% | 467,252 | 429,807 | 8.7% |
*Data announced by CAMPI
Flash report, November 2024
Dec 23, 2024
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
CAMPI-TMA’s vehicle sales in Philippines up 8.5% YoY in November 2024 with 40,898 units
Reported on December 23, 2024, the latest data from Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed that new motor vehicle sales in the Philippines in November 2024 increased 8.5% YoY to reach 40,898 units (up 2.2% MoM). In November, sales of commercial vehicles went up 10.5% YoY to 31,062 units, while sales of passenger vehicles went up 2.8% YoY to 9,836 units.
In the first 11 months of 2024, CAMPI-TMA sales reached 425,208 units, up 8.8% YoY. The announced January-November (YTD) sales figure for commercial vehicles was 314,563 units (up 8.1% YoY). Meanwhile, sales of passenger vehicles reached 110,645 units (up 11.0%).
The top 3 brands in the market were Toyota (46.5% share), Mitsubishi Motors (19.1% share), and Ford (6.1% share).
According to Rizal Commercial Banking Corp. chief economist, the latest growth in Philippine vehicle sales is faster than the gross domestic product growth. This good signal could be attributed to the Philippines’ favorable demographics and improved economic fundamentals.
| Type | Nov. 2024 |
Nov. 2023 |
Y-o-Y | Jan. -Nov. 2024 |
Jan. -Nov. 2023 |
Y-o-Y |
|---|---|---|---|---|---|---|
| Passenger Cars | 9,836 | 9,569 | 2.8% | 110,645 | 99,665 | 11.0% |
| Commercial Vehicles | 31,062 | 28,114 | 10.5% | 314,563 | 290,989 | 8.1% |
| Total | 40,898 | 37,683 | 8.5% | 425,208 | 390,654 | 8.8% |
Flash report, October 2024
Nov 18, 2024
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
CAMPI-TMA’s vehicle sales in Philippines up 4.9% YoY in October 2024 with 40,003 units
Reported on November 16, 2024, the latest data from Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed that new motor vehicle sales in the Philippines in October 2024 increased 4.9% YoY to reach 40,003 units (up 1.2% MoM). In October, sales of commercial vehicles went up 6.8% YoY to 29,959 units, while sales of passenger vehicles dropped 0.4% YoY to 10,044 units.
In the first 10 months of 2024, CAMPI-TMA sales reached 384,310 units, up 8.9% YoY. The announced January-October (YTD) sales figure for commercial vehicles was 283,501 units (up 7.8% YoY). Meanwhile, sales of passenger vehicles reached 100,809 units (up 11.9%).
The top 3 brands in the market were Toyota (46.4% share), Mitsubishi Motors (19.1% share), and Ford (6.1% share).
CAMPI president attributed sales growth to good sales and good stock availability, neutralizing the impact of Typhoon Kristine on the operations of local dealers. Moreover, demand is expected to grow, especially during the holiday season and with upcoming new vehicle models to be launched.
| Type | Oct. 2024 |
Oct. 2023 |
Y-o-Y | Jan. -Oct. 2024 |
Jan. -Oct. 2023 |
Y-o-Y |
|---|---|---|---|---|---|---|
| Passenger Cars | 10,044 | 10,087 | -0.4% | 100,809 | 90,096 | 11.9% |
| Commercial Vehicles | 29,959 | 28,041 | 6.8% | 283,501 | 262,875 | 7.8% |
| Total | 40,003 | 38,128 | 4.9% | 384,310 | 352,971 | 8.9% |
*Data announced by CAMPI
Flash report, September 2024
Oct 17, 2024
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
CAMPI-TMA’s vehicle sales in Philippines up 2.4% YoY in September 2024 with 39,542 units
Reported on October 17, 2024, the latest data from Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed that new motor vehicle sales in the Philippines in September 2024 increased 2.4% YoY to reach 39,542 units (up 1.0% MoM). In September, sales of commercial vehicles went up 0.1% YoY to 29,104 units, while sales of passenger vehicles grew 9.2% YoY to 10,438 units.
In the first 9 months of 2024, CAMPI-TMA sales reached 344,307 units, up 9.4% YoY. The announced January-September (YTD) sales figure for commercial vehicles was 253,542 units (up 8.0% YoY). Meanwhile, sales of passenger vehicles reached 90,765 units (up 13.4%).
The top 3 brands in the market were Toyota (46.2% share), Mitsubishi Motors (19.2% share), and Ford (6.2% share).
According to CAMPI president, new stock arrivals and improved promotions from the brands helped drive sales in September, which saw no new models released. Automotive companies are likely preparing for the upcoming Philippine International Motor Show (PIMS).
| Type | Sep. 2024 |
Sep. 2023 |
Y-o-Y | Jan. -Sep. 2024 |
Jan. -Sep. 2023 |
Y-o-Y |
|---|---|---|---|---|---|---|
| Passenger Cars | 10,438 | 9,558 | 9.2% | 90,765 | 80,009 | 13.4% |
| Commercial Vehicles | 29,104 | 29,070 | 0.1% | 253,542 | 234,834 | 8.0% |
| Total | 39,542 | 38,628 | 2.4% | 344,307 | 314,843 | 9.4% |
Flash report, August 2024
Sep 18, 2024
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
Reported on September 18, 2024, the latest data from Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed that new motor vehicle sales in the Philippines in August 2024 grew 6.6 % YoY to reach 39,155 units (down 0.4% MoM). In August, sales of commercial vehicles jumped 11.3% YoY to 29,626 units, while sales of passenger vehicles dropped 5.6% YoY to 9,529 units.
In the first 8 months of 2024, CAMPI-TMA sales reached 304,765 units, up 10.3% YoY. The announced January-August 2024 (YTD) sales figure for commercial vehicles was 224,438 units (up 9.1% YoY). Meanwhile, sales of passenger vehicles reached 80,327 units (up 14.0%).
The top 3 brands in the market were Toyota (46.15% share), Mitsubishi Motors (19.2% share), and Ford (6.22% share).
According to Rizal Commercial Banking Corp.’s chief economist, local sales/demand are mainly driven by newer models, more brands, more EV and HEV sales, favorable demographics, and improving employment data in recent months.
Moreover, the sales performance was pushed by the double-digit growth in consumer loans, particularly auto loans, despite relatively higher interest rates that increased borrowing/financing costs since 2022. Lower Fed (US Federal Reserve) and local policy rates are expected to help increase demand for auto loans and vehicle purchases.
Philippines - Sales of new vehicles
| Type | Aug. 2024 |
Aug. 2023 |
Y-o-Y | Jan. -Aug. 2024 |
Jan. -Aug. 2023 |
Y-o-Y |
|---|---|---|---|---|---|---|
| Passenger Cars | 9,529 | 10,094 | -5.6% | 80,327 | 70,451 | 14.0% |
| Commercial Vehicles | 29,626 | 26,620 | 11.3% | 224,438 | 205,764 | 9.1% |
| Total | 39,155 | 36,714 | 6.6% | 304,765 | 276,215 | 10.3% |
Flash report, July 2024
Aug 15, 2024
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
CAMPI-TMA’s vehicle sales in Philippines in July 2024 up 6.1% YoY to reach 39,331 units
Reported on August 9, 2024, the latest data from Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed that new motor vehicle sales in the Philippines in July 2024 increased 6.1% YoY to reach 39,331 units (up 0.6% MoM). In July, sales of commercial vehicles went up 3.0% YoY to 28,408 units, while sales of passenger vehicles jumped 14.9% to 10,923 units.
CAMPI president revealed that new product launches, improved product offerings, good sales momentum as well as supply availability helped neutralize the impact of Typhoon Carina.
In the first 7 months of 2024, CAMPI-TMA sales reached 265,610 units, increased 10.9% from 239,501 units recorded during the same period of 2023. The announced January-July 2024 (YTD) sales figure for commercial vehicles was 194,812 units (up 8.7% YoY). Meanwhile, sales of passenger vehicles reached 70,798 units (up 17.3%).
The top 3 brands in the market were Toyota (46.21% share), Mitsubishi Motors (19.05% share), and Ford (6.33% share).
| Type | Jul. 2024 |
Jul. 2023 |
Y-o-Y | Jan. -Jul. 2024 |
Jan. -Jul. 2023 |
Y-o-Y |
|---|---|---|---|---|---|---|
| Passenger Cars | 10,923 | 9,509 | 14.9% | 70,798 | 60,357 | 17.3% |
| Commercial Vehicles | 28,408 | 27,577 | 3.0% | 194,812 | 179,144 | 8.7% |
| Total | 39,331 | 37,086 | 6.1% | 265,610 | 239,501 | 10.9% |
Flash report, June 2024
Jul 16, 2024
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
Reported on July 13, 2024, the latest data from Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed that new motor vehicle sales in the Philippines in June 2024 climbed 7.6% YoY to reach 39,088 units (down 2.9% MoM).
The CAMPI president pointed out that the drop in consumer demand, as well as delays in the arrival of vehicle units and supply limitation for fast-moving variants all contributed to the MoM decline.
In June, sales of commercial vehicles went up 4.2% YoY to 28,460 units, while sales of passenger vehicles jumped 18.3% to 10,628 units.
In the first half of 2024, CAMPI-TMA sales reached 226,279 units, grew 11.8% from 202,415 units recorded in H1/2023. The announced January-June 2024 (YTD) sales figure for commercial vehicles was 166,404 units (up 9.8% YoY). Meanwhile, sales of passenger vehicles reached 59,875 units (up 17.8%).
The top 3 brands in the market in January-June 2024 were Toyota (46.1% share), Mitsubishi Motors (18.8% share), and Ford (6.4% share).
Philippines - Sales of new vehicles
| Type | Jun. 2024 |
Jun. 2023 |
Y-o-Y | Jan. -Jun. 2024 |
Jan. -Jun. 2023 |
Y-o-Y |
|---|---|---|---|---|---|---|
| Passenger Cars | 10,628 | 8,986 | 18.3% | 59,875 | 50,848 | 17.8% |
| Commercial Vehicles | 28,460 | 27,325 | 4.2% | 166,404 | 151,567 | 9.8% |
| Total | 39,088 | 36,311 | 7.6% | 226,279 | 202,415 | 11.8% |
Flash report, May 2024
Jun 13, 2024
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
CAMPI-TMA’s vehicle sales in Philippines up 5.5% YoY in May 2024 with 40,271 units
Reported on June 12, 2024, the latest data from Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed that new motor vehicle sales in the Philippines in May 2024 rose 5.5% YoY to reach 40,271 units.
Sales of commercial vehicles went up 3.2% to 29,304 units, while sales of passenger vehicles went up 12.0% to 10,967 units.
CAMPI president said the growth in May sales (both YoY and MoM) was attributed to improvements in the supply and good consumer demand, coupled with increase in automotive financial scheme and extensive sales activities.
In the 5 months of 2024, CAMPI-TMA sales reached 187,191 units, 12.7% up from 166,104 units recorded in the same period in 2023. With some adjustments in the previous figures, the announced January-May 2024 (YTD) sales figure for commercial vehicles was 137,944 units (up 11.0% YoY). Meanwhile, sales of passenger vehicles reached 49,247 units (up 17.6%).
The top 3 brands in the market in January-May 2024 were Toyota (46.1% share), Mitsubishi Motors (18.8% share), and Ford (6.5% share).
| Type | May 2024 |
May 2023 |
Y-o-Y | Jan. -May 2024 |
Jan. -May 2023 |
Y-o-Y |
|---|---|---|---|---|---|---|
| Passenger Cars | 10,967 | 9,792 | 12.0% | 49,247 | 41,862 | 17.6% |
| Commercial Vehicles | 29,304 | 28,385 | 3.2% | 137,944 | 124,242 | 11.0% |
| Total | 40,271 | 38,177 | 5.5% | 187,191 | 166,104 | 12.7% |
Flash report, April 2024
May 30, 2024
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
Reported on May 30, 2024, the latest data from Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed that new motor vehicle sales in the Philippines in April 2024 grew 21.8% YoY to reach 37,314 units. CAMPI President said the growth was driven by positive consumer and business confidence plus stability in automotive finance.
Thanks to the EO 12 support recently announced by the government, CAMPI anticipates improvement in electrified vehicle sales ratio in 2024.
In April 2024, sales of commercial vehicles went up 16.9% to 27,272 units, while sales of passenger vehicles rose 37.6% to 10,069 units.
In the 4 months of 2024, CAMPI-TMA sales tallied 146,920 units, up 14.8% YoY. Sales of commercial vehicles reached 108,667 units (up 13.4% YoY) and sales of passenger vehicles reached 38,280 units (up 19.4%). The top 3 brands in the market in January-April 2024 were Toyota, Mitsubishi Motors, and Ford.
Regarding the Department of Energy’s announcement of the implementation of higher biofuel blends starting October 2024, CAMPI said new vehicles being sold are already compatible with B3 biodiesel. Meanwhile, the use of E20 or gasoline blended with 20% ethanol is voluntary.
Philippines - Sales of new vehicles
| Type | Apr. 2024 |
Apr. 2023 |
Y-o-Y | Jan. -Apr. 2024 |
Jan. -Apr. 2023 |
Y-o-Y |
|---|---|---|---|---|---|---|
| Passenger Cars | 10,069 | 7,317 | 37.6% | 38,280 | 32,070 | 19.4% |
| Commercial Vehicles | 27,272 | 23,326 | 16.9% | 108,667 | 95,857 | 13.4% |
| Total | 37,314 | 30,643 | 21.8% | 146,920 | 127,927 | 14.8% |
*Data announced by CAMPI
Flash report, March 2024
Apr 23, 2024
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
Reported on April 23, 2024, the latest data from Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed that new motor vehicle sales in the Philippines in March 2024 reached 37,474 units, up 1.6% YoY.
In March 2024, sales of commercial vehicles increased 2.0% to 27,347 units. Passenger vehicle car sales, meanwhile, grew 0.7% to 10,127 units.
In the first quarter 2024, CAMPI-TMA sales reached 109,606 units, improved 12.7% YoY. Sales of commercial vehicles reached 81,395 units (up 12.2% YoY) and sales of passenger vehicles reached 28,211 units (up 14.0%).
The top 3 brands in the market were Toyota, Mitsubishi Motors, and Nissan.
According to CAMPI president, the YTD sales performance was supported by sustained demand for new vehicles, as overall supply improved. With this Q1 performance, the industry is on track to achieve the 2024 sales target of 468,300 cars.
Philippines - Sales of new vehicles
| Type | Mar. 2024 |
Mar. 2023 |
Y-o-Y | Jan. -Mar. 2024 |
Jan. -Mar. 2023 |
Y-o-Y |
|---|---|---|---|---|---|---|
| Passenger Cars | 10,127 | 10,058 | 0.7% | 28,211 | 24,753 | 14.0% |
| Commercial Vehicles | 27,347 | 26,822 | 2.0% | 81,395 | 72,531 | 12.2% |
| Total | 37,474 | 36,880 | 1.6% | 109,606 | 97,284 | 12.7% |
Flash report, February 2024
Mar 29, 2024
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
Reported on March 27, 2024, the latest data from Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed that new motor vehicle sales in the Philippines in February 2024 reached 38,072 units, up 23.2% YoY.
In February 2024, sales of commercial vehicles increased 19.9% to 28,434 units. Passenger vehicle car sales, meanwhile, grew 34.1% to 9,638 units.
In the first 2 months of 2024, CAMPI-TMA sales tallied 72,132 units, up 19.4% YoY. Sales of commercial vehicles reached 54,048 units (up 18.2% YoY) and sales of passenger vehicles reached 18,084 units (up 23.1%).
The top 3 brands in the market were still Toyota, Mitsubishi Motors, and Ford.
The positive factors mentioned by CAMPI president were early marketing campaigns, improved inventories, and stable interest rates that help boosting customer confidence. The good momentum is expected to continue, allowing the industry to achieve a strong first quarter finish.
Philippines - Sales of new vehicles
| Type | Feb. 2024 |
Feb. 2023 |
Y-o-Y | Jan. -Feb. 2024 |
Jan. -Feb. 2023 |
Y-o-Y |
|---|---|---|---|---|---|---|
| Passenger Cars | 9,638 | 7,189 | 34.1% | 18,084 | 14,695 | 23.1% |
| Commercial Vehicles | 28,434 | 23,716 | 19.9% | 54,048 | 45,709 | 18.2% |
| Total | 38,072 | 30,905 | 23.2% | 72,132 | 60,404 | 19.4% |
Flash report, January 2024
Feb 22, 2024
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
CAMPI-TMA’s combined vehicle sales in Philippines up 15.5% to 34,060 units in January 2024
Reported on February 22, 2024, the latest data from Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed that new motor vehicle sales in the Philippines expanded 15.5% YoY to reach 34,060 units, recorded in the first month of 2024.
In January 2024, sales of commercial vehicles noted a 16.5% increase YoY with 25,614 units. Passenger vehicle car sales, meanwhile, skipped 12.5% to 8,446 units.
The top 5 brands were Toyota, Mitsubishi Motors, Ford, Nissan, and Suzuki.
For 2024, CAMPI projected local vehicle sales to grow around 9% at the least from 2023 to reach 468,300 units. According to CAMPI president, there are several reasons for optimism despite inflation risks and the imminent taxation of double cap pickups, including new model introductions and the expansion of electrified vehicle line-up especially in the HEV segment, and more brands coming into the Philippine market.
Moreover, the 9th Philippine International Motor Show, which will be held in H2/2024, is expected to help boost sales to even exceed CAMPI’s initial forecast and reach 500,000 units.
Philippines - Sales of new vehicles
| Type | Jan. 2024 |
Jan. 2023 |
Y-o-Y |
|---|---|---|---|
| Passenger Cars | 8,446 | 7,506 | 12.5% |
| Commercial Vehicles | 25,614 | 21,993 | 16.5% |
| Total | 34,060 | 29,499 | 15.5% |
Source: Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA)