Total vehicle sales in October reached 40,014 units, reflecting a 5.2 percent increase from September and matching October 2024 levels, but year-to-date (YTD) sales posted negative growth, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) jointly announced.
Data showed that YTD sales reached 383,424 units or 0.2 percent lower rom 384,310 units in the January-October period 2024.
Commercial vehicles led the market with nearly 80 percent share and a 7.9 percent YTD increase, while passenger cars declined 23.2 percent YTD but showed slight monthly recovery. Electrified vehicles (xEVs) surged, with 24,265 units sold YTD—9 percent of October’s market—driven by strong hybrid sales.
Market leadership remains strong, with Toyota Motor Philippines Corporation commanding a (48.30%) share, followed by Mitsubishi Motors Philippines Corporation at (18.97%). Ford Group Philippines (4.86%), Suzuki Philippines, Inc. (4.77%), and Nissan Philippines, Inc. (4.73%) round out the top five.
