Flash Reports

Philippines

Philippines Automotive Industry represents 14 percent of total industrial output and near 5 percent GDP.  It generates around 410,000 direct and indirect jobs in vehicle and parts manufacturing, auto dealerships and other auto-support jobs. The new vehicles sales are growing uninterruptedly since 2011 rapidly escalating positions in the global ranking, behind thirdly-second at the end of 2015 and being projected within the top 30 by the end of the 2016, sales are projected near 400.000 units. Fueled by growing internal demand, the market is projected above the half million before the 2020.

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