Motor vehicle industry sales grew modest in February with passenger car segment posting the lone negative performance in the second month of 2025, official industry data showed.
A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed that sales in February grew 4.1 percent to 39,164 units from 37,604 units in January this year. The February growth was also slower at 2.9 percent when compared to the February 2024 sales of 38,072 units.
The February sales brought the year to date performance to an overall positive trend with a total of 76,768 units, marking a 6.4 percent increase from the previous year’s 72,132 units.
While all categories and the commercial vehicle segment posted positive growth, the passenger car segment was in the red for February at 15.8 percent negative versus same month last year. On a year to date basis, the passenger carsales also declined by 12.4 percent.
In a statement, CAMPI-TMA said that the automotive sales trends in 2025 are influenced by several factors, including supply chain stability, growing demand for electric and autonomous vehicles, and global economic conditions. “There has been a notable consumers’ preferences for connected and personalized driving experiences, alongside a shift towards sustainability and environmental concerns. Technological advancements in AI, sensors, and infotainment systems, among others, are showing potential to transform the industry overtime. These factors will contribute to the overall positive sales trends in 2025,” said the group of 29 car assemblers and traders.
Toyota Motor Philippines Corporation remains the dominant market player with 47.67 percent share, followed by Mitsubishi Motors Philippines Corporation with 20.25 percent, Nissan Philippines, Inc. with 5.79 percent, Suzuki Philippines, Inc. with 4.63 percent and Ford Group Philippines at 4.34 percent, share.
