Philippines (CAMPI): New car sales in 2018 – 15.3% decrease from the previous year
Manila
February 14, 2019
Philippine Automobile Manufacturers Association (CAMPI):
Automobile Import Distribution Association (AVID):
The number of new car sales in 2018 decreased by 15.3% from the previous year to 401,624 units (see the figure)
Philippine new car sales volume fell below the previous year for the first time in seven years.
In January 2018, the number of new car dealers seems to have dropped due to the effects of tax increases on automobile taxes and purchase of high-priced items.
Number of units sold by manufacturer:
Toyota: 152,389 first place
Mitsubishi: 66,081 units
Hyundai: 35,401 units
Top 3 companies, no change in ranking from previous year
Nissan (34,952 units) ranked fourth, ranked from seventh in the previous year.
– JETRO
https://www.jetro.go.jp/biznews/2019/02/6ef79abc7e00b255.html