Flash Reports

Philippines March. Sales fly up 22% over all records

Philippines Vehicles Market 2017 Ford-Fiesta_ST-2018

Philippines Vehicles Market at new best first quarter ever, with a new wonderful performance, up 22% over the last year record. Moreover, the still robust economic growth is further pulled up by strong export to China.

The economy continues to enjoy robust growth. Strong external demand, especially from China, caused exports to increase strongly in the first two months of the year and led to further growth in new orders in March, driving up the PMI.

Rising imports and retail sales are a testament to steadily strong private consumption, underpinned by strong remittances and moderate inflation, while investment activity is benefiting from improved investor confidence and rising FDI. In addition, recently published data show that tax collection grew at a double-digit rate in Q1, which bodes well for the government’s plan to increase revenues to boost infrastructure spending.

This robust economic growth will further sustain the automotive industry boom, after that it has soared in recent years at the main industrial activity in the country. There are no doubts that 2017 will be the new record year after the previous 5 records in a row, with volumes expected to run towards the half million units.

The start was almost positive with total vehicles sold after the first three months of the year at 109.564 units, up 22.1, with March at 38.943, +22.5%.

In this period, the market leader Toyota boomed sales by 41.5% hitting a record share of 39.3% with 43.043 registrations.

Mitsubishi in second with 13.558 sales was down 10.6%, with 13.558 sales, while the third Hyundai, paid a weak March, ending the quarter with 8.842 sales (+18.4%).

In fourth place Ford with 7.906 (+21.2%) and is followed by Isuzu with 7.207 (+11.2%), Honda with 6.569 units (+10.7%) and Suzuki with 3.935 (+32.9%).

Research, Consulting, Data

F2M covers intensively this market with several products developed to help any investigation required.

Market Researches in PDF are immediately available for download with study on the market since 2005 and with forecast up to the 2022.

Auto Data in EXCEL are immediately downloadable with annual sales volume, split by month, for all brands and all models distributed in the market. This year data are released year to date, but you will receive a monthly update until the year-end.

All these and more within our Philippines Store

Below, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will report year to date data updated.

Rank March Rank 2017 Brand Sales March Somma di YTD Mar 17 Variation March Variation YTD Share March Share YTD 2017
1 1 Toyota 15.721 43.043 42,7% 41,5% 40,4% 39,3%
2 2 Mitsubishi 5.205 13.558 -4,4% -10,6% 13,4% 12,4%
6 3 Hyundai 1.326 8.842 -57,5% 18,4% 3,4% 8,1%
3 4 Ford 3.435 7.906 45,1% 21,2% 8,8% 7,2%
3 5 Isuzu 3.435 7.207 45,0% 11,2% 8,8% 6,6%
4 6 Honda 2.559 6.569 11,9% 10,7% 6,6% 6,0%
5 7 Suzuki 1.589 4.051 46,5% 32,9% 4,1% 3,7%
7 8 Nissan 1.053 3.935 151,9% 56,7% 2,7% 3,6%
8 9 Mitsubishi Fuso 1.010 2.157 146,3% 27,9% 2,6% 2,0%
9 10 Kia 901 2.073 50,9% -8,5% 2,3% 1,9%

Rank March Rank 2017 Group Sales March Sales YTD 2017 Variation March Variation YTD Share March Share YTD 2017
1 1 Toyota 16.132 44.308 43,8% 42,3% 41,4% 40,4%
2 2 Mitsubishi 6.215 15.715 6,2% -6,8% 16,0% 14,3%
5 3 Hyundai-Kia 2.227 10.915 -40,1% 12,1% 5,7% 10,0%
3 4 Ford 3.435 7.906 45,1% 21,2% 8,8% 7,2%
3 5 Isuzu Motors 3.435 7.207 45,0% 11,2% 8,8% 6,6%
4 6 Honda 2.559 6.569 11,9% 10,7% 6,6% 6,0%
6 7 Suzuki 1.589 4.051 46,5% 32,9% 4,1% 3,7%
7 8 Renault-Nissan 1.053 3.935 151,9% 56,7% 2,7% 3,6%
12 9 General Motors 144 1.326 -78,7% -14,2% 0,4% 1,2%
9 10 BAIC 341 1.086 416,7% 143,5% 0,9% 1,0%

Rank March Rank 2017 Model Sales March Sales YTD 2017 Variation March Variation YTD 2017
2 1 Toyota Fortuner 3.489 10.272 218,6% 68,3%
1 2 Toyota Vios 4.120 9.825 37,3% 9,2%
5 3 Toyota Innova 1.440 5.075 64,8% 461,4%
4 4 Toyota Hiace 1.477 4.475 -26,2% 31,6%
7 5 Toyota Hilux 1.240 3.400 52,0% 72,8%
3 6 Mitsubishi Adventure 1.740 3.341 -13,0% 11,4%
8 7 Mitsubishi Mirage G4 1.159 3.254 -3,4% 12,2%
7 8 Toyota Wigo 1.240 3.130 35,7% 17,9%
22 9 Hyundai Accent 533 3.093 -71,2% -19,9%
9 10 Toyota Avanza 1.126 3.022 0,0% -3,3%
6 11 Ford Ecosport 1.387 2.876 22,2% 51,2%
19 12 Mitsubishi Montero Sport 622 2.462 157,0% -13,1%
30 13 Hyundai Eon 373 2.293 -45,1% 26,7%
12 14 Ford Ranger 844 2.203 68,8% 46,9%
11 15 Ford Everest 880 2.122 65,9% -17,1%
10 16 Isuzu MU-X 902 2.036 0,0% -10,5%
17 17 Suzuki APV 628 1.982
14 18 Honda City 710 1.904 -34,7% -33,4%
13 19 Isuzu D-Max 838 1.772 256,6% 151,3%
18 20 Mitsubishi Mirage 625 1.755 25,0% -2,5%
15 21 Toyota Corolla 680 1.705 98,8% 63,6%
18 22 Mitsubishi Fuso Canter 625 1.435 150,0% 19,0%
20 23 Honda Civic 562 1.377 322,6% 354,5%
31 24 Nissan Urvan 340 1.272 223,8% 230,4%
21 25 Isuzu NHR 540 1.270 252,9% 176,7%

(403)