Five automakers – four Japan-based and an American brand – with a combined market share of 81.7 percent, lifted the local car industry to a modest growth of 1.4 percent in the first seven months of the year, according to an industry report.
Toyota Motor Philippines Corporation continued to lead the market with a 48.04 percent share, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) said on Thursday.
The other market leaders are Mitsubishi Motors Philippines Corporation with 19 percent, Nissan Philippines, Inc. with 5.06 percent, Ford Group Philippines with 4.95 percent, and Suzuki Philippines, Inc. with 4.69 percent share.
Philippine automotive sales reached 269,207 units from 265,490 units in the same period in 2024, according to the CAMPI-TMA data.
CAMPI president Rommel Gutierrez said a robust commercial vehicle demand and a recovering passenger car market drove up sales.
“The industry’s continued growth, particularly in commercial segments, reflects strong market fundamentals and the agility of our members in navigating short-term challenges,” he said.
The CAMPI-TMA group noted that despite weather-related disruptions that temporarily slowed retail activity in July, the sector remained on an upward track, fueled by strong commercial vehicle demand and green shoots of recovery in the passenger car market.
With new model launches, promotional campaigns, and improving consumer sentiment ahead, CAMPI and TMA expressed confidence in the sector’s sustained recovery and expansion.
“We are optimistic that the momentum will carry forward into the second half of the year,” Gutierrez said. Malaya Business News Team
