VEHICLE sales rose by 1.4 percent on an annual basis in July 2025, and an industry official remains optimistic for the full-year expansion amid such challenges as weather disturbances.
Data released by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) on August 14 showed that about 269,207 units were sold as of end-July, up from the 265,610 units sold in the same period in 2024.
However, the level declined by 2.6 percent on a monthly basis, after only 38,295 units were sold in July from 40,483 units in June.
In the first seven months this year, about 80.03 percent of the cars sold are accounted for by commercial vehicles at 215,440.
It was followed by light commercial vehicles, 161,388; passenger cars, 53,767; Asian utility vehicles and multi-purpose vehicles, 47,452; light-duty trucks and buses, 3,948; medium-duty trucks and buses, 2,019; and heavy-duty trucks and buses, 633.
Market share is dominated by Toyota Motor Philippines Corp., at 48.04 percent, while Mitsubishi Motors Philippines Corp. trails at 19 percent, along with Nissan Philippines, Inc., 5.06 percent; Ford Group Philippines, 4.95 percent, and Suzuki Philippines, Inc., 4.69 percent.
CAMPI president Rommel Gutierrez, in a statement, said he believes that “the industry’s continued growth, particularly in commercial segments, reflects strong market fundamentals and the agility of our members in navigating short-term challenges.”
“We are optimistic that the momentum will carry forward into the second half of the year,” he said. (PNA)
