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Philippines Car Sales Data

Sales of New Cars In Philippines

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Annual Sales Data (Table)
Annual Sales Data (Chart)

Sales of New Cars In Philippines – Data, Trends, Charts & Analysis

Here you will find annual car sales figures for Philippines. These statistics are Total Market Volumes, which include passenger cars as well as light commercial vehicles (LCVs).

The figures below come from unconfirmed sources and can vary slightly from other data you may find elsewhere. Despite our best efforts to find the most reliable data, we can’t guarantee 100% accuracy, unless a specific source is mentioned below the table. Still, we’re confident the provided data is sufficiently indicative of the size and trend of the market to be published as such. If you have access to a confirmed source of Philippine car sales figures, including a split between Passenger Cars and LCVs, or data going back before 2005, please get in touch with us.

Philippines Automotive Sales Data & Recent Highlights

As you can see, the Philippine car sales market has been recovering in recent years. The market has been growing at an average annual growth rate of 7.5%.

There are a number of factors that have contributed to the recovery of the Philippine car sales market. These include:

  • The economic recovery: The Philippine economy has been recovering in recent years, which has led to an increase in disposable income.
  • The introduction of new incentives: The government has introduced a number of new incentives for car buyers, such as a reduction in import duties.
  • The increase in demand for SUVs: SUVs are becoming increasingly popular in the Philippines, as they are seen as more practical and comfortable than sedans.

Despite the recovery, the Philippine car sales market is expected to face some challenges in the coming years. These challenges include:

  • The rise in inflation: Inflation is rising in the Philippines, which could make cars more expensive.
  • The shortage of semiconductors: The shortage of semiconductors is affecting the production of new cars, making it difficult to import cars into the Philippines.
  • The increase in used car prices: The price of used cars has increased in recent years, making them more affordable than new cars.

Overall, the Philippine car sales market is expected to remain positive in the coming years. However, there are some challenges that the market will need to address in order to maintain its growth.

Interesting Philippines New Car Sales Stats

  • Best Sales Year Volume: 295,459 units sold
  • Worst Sales Year Volume: 35,063 units sold
  • Average Sales Per Year: 120,594.4 units sold
  • Total Sales Units (since 2005): 2,170,699 units sold

Philippines New Motor Vehicle Sales Table

Year Sales Growth
2005 35,063
2006 38,131 8.75
2007 41,107 7.80
2008 44,313 7.80
2009 46,111 4.06
2010 59,623 29.30
2011 57,768 -3.11
2012 64,165 11.07
2013 76,822 19.73
2014 90,287 17.53
2015 116,381 28.90
2016 133,188 14.44
2017 295,459 121.84
2018 252,848 -14.42
2019 258,555 2.26
2020 153,833 -40.50
2021 180,642 17.43
2022 226,403 25.33

Philippines New Motor Vehicle Sales Chart

Sources: Manufacturers, ANDC, JATO Dynamics.