February 2014 Philippines car market keep running. Mitsubishi will open a plant.

In February 2014, accordingly with data reported by AVID and CAMPI (the Chamber of Automotive Manufacturers of the Philippines), the light passenger vehicles sold in Philippines have been 19.305, up 16.1% from year ago, keeping a strong growing trend started almost two years ago. Year to date sales were 37.957, up 20.9% from last year announcing that this will be again a record sales for this market.

The market is now address of many attentions from top global automotive players. Last year Volkswagen started importing vehicles with a new distribution agreement while on March 31st, Japan’s Mitsubishi Motors announced it has bought the site of a former auto plant in the Philippines from Ford Motor Co, beefing up production as it targets a near-50% sales boost in fast-growing Southeast Asia markets.

Toyota dominates with 6.9k retailed in February and a share of 35.7%, followed by Mitsubishi with 4.4k sales and 22.8% of share. In third, Hyundai sales speed was lower at 1.7k sales with share down at 8.9% from 12% of January.

Ford posted a 48% YoY  jump in its vehicle sales in February to 1.277 units, driven largely by the solid performance specifically of its pickup trucks.

In the interactive tables below you can sort thru the All brands and Best-selling models as you like:

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Focus2move is releasing exclusive reports on Top Brands Global Performance. Please give a look at these:

 

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