Leading automotive companies sold Philippines 2019, by number of units

Across the Asia Pacific Region, the Philippines ranked 9th among the countries with the highest passenger cars sold, with approximately 273.4 thousand vehicles in 2019. In the Philippines, Toyota was the leading automotive company, selling about 161.4 thousand cars in the same year.

Vehicle ownership

In the Philippines, commuters can spend a minimum of one and a half to two hours on the road to get anywhere in its densely populated cities. With public transportation pouring with passengers, especially during rush hour, several consumers opt to purchase their own vehicles despite the traffic congestion in the Philippines. As of the first quarter of 2019, light commercial vehicles and passenger cars were among the highest sold type of automobile cars in the country. Approximately 54 thousand of LCV and almost 32 thousand passenger cars have been sold within that period.

Interestingly, in 2018, about 25.2 percent of households in the Philippines owned a motorcycle or tricycle. The consumption volume of two or three-wheeled motor vehicles in the Philippines reflect how some consumers are adapting to road congestion.

Consumer behavior

Metro Manila is a business hub within the Philippines, where people from the provinces relocate to find a better life. It is a highly dense location, and the lack of road infrastructure is one of the daily challenges every commuter and pedestrian faces. For most households, getting a car is one of the easiest decisions to make if it provides comfort. In 2019, around 361.9 billion Philippine pesos of auto loans had been granted by universal and commercial banks in the Philippines.

Leading automotive companies in the Philippines in 2019, by number of units sold

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Sources

Release date

January 2020

Region

Philippines

Survey time period

2019

Supplementary notes

Figures have been rounded.

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Statistics on "Automotive industry in the Philippines"

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