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Philippines’s Segmented Sales Results of Automobiles in 2021
Automobile sales in the Philippines went up 18.2% year-on-year to 293,336 units in 2021. This report covers the top eight brands of the Philippines which accounted for 89.6% of the market in 2021. The market growth was sluggish due to restrictions on activities triggered by the new coronavirus infection, and provisional safeguard measures imposed on imported cars from February to August. The overall market size reached around 70% that of the pre-corona 2019 level. However, sales results of three segments, A, sports and M&HCV, surpassed that of the 2019 level.