Philippine auto sales growth slowed to 2.9% in February

Automobile sales in the Philippines grew by 2.9% in February 2025. This increase was slower compared to earlier months as demand for passenger vehicles dropped. Sales of commercial vehicles also slowed down during the same period. According to a report from the Chamber of Automotive Manufacturers of the Philippines Inc. and the Truck Manufacturers Association, a total of 39,164 vehicles were sold in February. This was up from 38,072 units sold in February 2024 but only a slight improvement from January's 37,604 units. In January, sales growth was much higher at 10.4%. The report noted that various factors impact automotive sales trends, such as supply chain stability and the rising demand for electric vehicles. Commercial vehicle sales grew by 9.1% in February, down from 16.6% in January. In contrast, passenger vehicle sales fell by 15.8% after an 8.5% decline in January. So far this year, total sales have reached 76,768 vehicles, marking a 6.04% increase compared to the same time last year. Electric vehicle sales also saw a small rise, with 1,816 units sold in February, accounting for about 4.64% of the market. Commercial vehicles, which include trucks and buses, made up the majority of sales, at 79.18% of total sales in February. Toyota continues to lead the market, holding a 47.31% share with 18,528 units sold. Mitsubishi and Nissan follow as the second and third best-selling brands.