Increases in vehicle sales slowed to 2.5 percent in the first four months of the year, dragged by a 19.5-percent decline in passenger car sales during the period, a joint chamber report said.
The joint report was released on Monday by the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and the Truck Manufacturers Association (TMA).
The report said vehicle sales reached 150,654 units from January to April 2025, up 2.54 percent from 146,920 units in the corresponding period of 2024.
For the first quarter alone, the growth rate was 6.8 percent.
Campi president Rommel Gutierrez attributed the sales slowdown in the four months to seasonal factors, economic conditions and evolving consumer demand.
“Industry leaders continue to monitor market trends and expect further developments in the months ahead,” Gutierrez said in a statement on Monday.
However, the Campi-TMA report showed commercial vehicle sales posting gains. This segment sales rose 10.3 percent to 119,824 units from 108,667 units in 2024.
In contrast, sales of passenger vehicles reached 30,830 units, down by 19.5 percent from 38,280 units a year earlier.
In April, vehicle sales reached 33,580 units, down 16.7 percent from 40,306 units in March and down 10 percent from 37,314 units in April 2024.
The report showed sales of electric
vehicles (EVs) in the first four months of 2025 reached 6,820, with the addition of 1,509 units in April. No comparative figures are available as Campi/TMA started tracking EV sales only in January.
But compared to the March sales of 1,895 units, April’s EV sales dropped by 20.4 percent.
For the four-month period, Toyota Motor Philippines remained the dominant market player with sales of 71,927 units or an increase of 6.4 percent from 67,580 units in 2024. It had a 47.74 percent market share.
Mitsubishi Motors Philippines Corp. sold 29,770 units, an increase of 7 percent from 27,828 in the same months last year, and equivalent to 19.76 percent market share.
At third was Nissan Philippines Inc., which sold 8,182 units, down 12.7 percent from 9,375 units in the same period last year. Its market share was 5.43 percent.
Rounding up the top five auto companies were Suzuki Philippines, with 7,002 units sold (up by 14.5 percent from 6,117 units last year), for a 4.65 percent market share), and Ford Group Philippines with 6,728 units sold (down 30.6 percent from 9,688 units in 2024) for a 4.47 percent share.
