The Philippine automotive industry sustained its growth in February 2025, with sales reaching 39,164 units, a 2.9-percent increase from 38,072 in February 2024, according to the latest report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA).
Despite a 15.8-percent decline in passenger car sales to 8,154 units from 9,683 units last year, commercial vehicle sales went up by 9.1 percent to 31,010 units from 28,434 units.
Month-on-month, industry sales increased by 4.1 percent from 37,604 units in January 2025. Passenger car sales grew 5.5 percent from 7,729 units, while commercial vehicle sales rose 3.8 percent from 28,875 units.
Total sales from January to February 2025 totaled 76,768 units, up 6.4 percent from 72,132 units in the same period last year.
The commercial vehicle segment drove this growth, with sales climbing 12.6 percent to 60,885 units from 54,048 in 2024. Passenger car sales fell 12.4 percent to 15,883 from 18,129 units.
Toyota Motor Philippines Corp. retained its market leadership with a 47.67-percent share, followed by Mitsubishi Motors Philippines Corp. at 20.25 percent, Nissan Philippines Inc. at 5.79 percent, Suzuki Philippines Inc. at 4.63 percent and Ford Group Philippines at 4.34 percent.
CAMPI and TMA expressed confidence in the industry’s steady performance, noting that the sales momentum in February would reinforce the positive outlook for 2025.
Industry stakeholders remain focused on sustaining growth through innovative products and competitive pricing strategies.
The next few months are expected to bring more developments as the market gears up for peak sales seasons, the groups said.