Philippines 2021. Philippines Car Market Grows In Double-digits, While Hyundai Plummets
Philippines Auto market in 2021 rises by 18.7% with 295,100 sales, reporting a very strong performance in Q2 due to the low sales reported in the previous year. Hyundai reports the only double-digit drop in sales, losing 40.2%.
Philippines 2017. Vehicles market hit the 5th record in a row
Philippines Vehicles Market in the 2017 hit the fifth all time record in a row, just before the Tax Reform, which has introduced higher duties on vehicles and fuel. The market grew near 500.000 units with Toyota leader ahead of Mitsubishi and Hyundai.
Philippines 2016. Market up 27% hitting new record
Philippines Auto Sales 2016 hit the fifth All Time Record in a series, joining the Top 30 World's market for the very first time. Toyota led again the market while Hyundai outpaced Ford for the third place.
Philippines. In the 2019 new vehicles sales up 3%
Philippines Vehicles Market in the 2019 recovered following the previous year double-digit lost caused by the introduction of a new taxation system, which penalized car passengers towards pickups and vans. Indeed total vehicles sales have been 418.352, up 3.3%. Hitting the best year ever, Nissan just outpaced Hyundai for the third place, with full year 2019 share at the record of 10.2%.
Philippines 2018. Nissan shines in a market down 11.8%
Philippines Vehicles Market fell down 11.8% in 2018 with registrations at 413.216, interrupting the great trend of previous years, largely affected by the "TRAIN" tax introduction. Toyota led the market - down 12.8% - while Nissan gained the 4th place.
