Philippines July-August 2019: Toyota reaches 43.2% share in market boosted by passenger cars

Toyota is above the 40% share mark in the Philippines both months.

In July, new vehicle sales in the Philippines surge 23% year-on-year to 34.528 registrations, lifting the year-to-date tally up 4.6% to 229.585 units. Passenger cars shoot up 50.4% to 10.526, Light Commercials (Pickups, SUVs and Vans) gain 21.9% to 19.192 but MPVs drop -9.3% to 3.624. Brand leader Toyota (+25.1%) outpaces the market to reach 40.8% share vs. 38.1% YTD, distancing Mitsubishi (+3.5%) and Nissan (+27.7%) as per the YTD order, while Suzuki advances one step further to #4, knocking Hyundai down to #5.

In August, the Filipino market slow down its growth but still manages to produce a +7.7% year-on-year gain to 32.679 units, bringing the year-to-date up 4.9% to 262.264 vs. 249.895 a year ago. Passenger Cars continue to vastly outpace the market at +15.1% to 9.988 while Light Commercials are up 5.8% to 18.361 and MPVs up 8.6% to 3.236. Toyota (+14.7%) almost doubles the market growth rate to improve again to a mammoth 43.2% share vs. 38.8% YTD, followed as usual by Mitsubishi (-7.3%) and Nissan (-22.2%) both in great difficulty. Hyundai is back above Suzuki at #4.

Previous post: Philippines First Half 2019: Nissan up 59.3% in market back up (+1.9%)

Previous year: Philippines Full Year 2018: Toyota leads, Nissan up 39.8% in first market decline since 2004

Full July and August 2019 Top 5 brands rankings below.