* See the Top 25 best-selling brands by clicking on the title! Thanks Myk/Forester *
The Filipino new car market continues to lodges astounding gains month after month without exception and July is up 29.5% year-on-year to a fantastic 23,741 registrations, bringing the year-to-date total to a record 150,400 units, up a splendid 24% on 2013. Toyota makes history this month: the Japanese manufacturer becomes the first ever in the Philippines to sell over 10,000 units in a single month, up a huge 66% year-on-year to 10,079 sales in July and adding up to a mammoth 42.5% market share vs. 38.8% year-to-date.
Toyota cites the tremendous success of the Vios (#1) and Innova (#2) as the main engines fuelling this record. Mitsubishi takes a beating at 15.9% share vs. 19.2% ytd, followed by Hyundai and Ford while Honda delivers its first yoy gains this year in 5th place. Note Philippines car sales fugures do not include Chinese or Indian brands but local website autoindustryia announced these will be added soon. Exciting!
Previous month: Philippines 6 months 2014: Toyota and Ford outpace market up 28%
Full July 2014 Top 25 brands Ranking Table below.