Philippines Vehicles Market in the 2019 is recovering, 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 in the first ten months of the year, light vehicles sales have been 338.258, up 4.3% and the positive trend was confirmed in October, when sales were 37.400, up 0.9%.
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.
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 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 Vehicles Market in 2015 celebrates the 7th all time record in a row with sales above the 300.000 for the first time and a volume improved over 300% in the last 7 years. Toyota dominates.
Philippines best selling cars. The top 100 models in the 2015 are led by a group of Toyota models with Vios best-selling model followed by SUV Fortuner and the MPV Innova. First non-Toyota was the Mitsubishi Montero.