How Many Cars Are There In The Philippines & What Is The Most Popular One?
Philippines ranked the 9th largest automotive industry in the Asia-Pacific region. This article will show impressive figures about how many cars in the Philippines and the most popular models.
Like other countries, most people in the Philippines need cars for their daily basic needs, such as shopping, commuting for work, and entertainment. More especially, the demand for cars in this country has increased sharply in recent years.
Our article on Corner4men.com today will help you research “how many cars in the Philippines,” with a brief and overall look at the car industry of this country.
There are 150,000 cars per year from twenty-two assemblers for commercial vehicles and five for the passenger assemblers on the Philippines market.
In 2017, the car imports made up $6.6 billion while exports were $3.6 billion. The industry produced 79,763 and 416,637 units in 2018 and 2019. As a result, 2019 new vehicles' sale performances witnessed at least 3.7% in growth.
Many Filipinos buy their private vehicles due to their inefficient public transportation system. With some special features in the Philippines like challenging road conditions, frequent flooding, and large family sizes, SUVs have been the favorite choice of people in this country. Besides, Sedans are one of the best-selling products with its parking space conditions and price.
With the coronavirus pandemic threat, 2020 was a tough year for the Philippines economy, especially the automotive industry. Hence, most brands reported a decrease in sales due to the extensive lockdown of the country.
How Many Cars Registered In The Philippines?
We take reference from the Philippines Number of Registered Vehicles data of the CEIC; all the data is still valid.
The CEIC company updates its reports and statistics each year. From Dec 1981 to 2019, with thirty-nine observations, they covered an average of 2,463,932 registered units. Up till now, the lowest record had been in the year 1981 with 819,040 units.
There was a moderate increase from the 2018 record. In particular, the Dec 2018 and Dec 2019 vehicle reports show that the Filipinos registered 4,433,181 and 4,711,103 cars orderly. The 2019 data record revealed the highest number ever since they started collecting the Philippines Number of Registered Vehicles data.
Due to the COVID-19 pandemic, the figure for registered private cars in the Philippines saw a significant decrease in 2020, with roughly 1.1 million units. However, the industry started to have more positive results from September 2020 as there was a record of a minimum of 25,000 sales in October.
What Is The Most Popular Car In The Philippines?
According to the official sales figures, Toyota Motor Philippines (TMP) still held the first position on the local market and accounted for 40.7% market share, with 99,545 units last year. Thus, TMP has dominated the list of 2020 best-selling cars in the Philippines.
Based on Autoindustriya.com, there have been up to seven models from TMP in the top-10 chart. Let us introduce a rundown of the most popular ones and their best-selling achievement with the number of cars in the Philippines in 2020.
Toyota Vios: 19,589 units sold
The Vios model had the highest sales in 2019, and it remains the most favorable car in the Philippines in the following year. Moreover, TMP is offering the top-spec G CVT variant with 1,056,000 Php, while the updating Vios' starting price is currently 671,000 Php.
The Toyota Hilux is a midsize pickup truck. The newest Hilux version comes with an innovative and more powerful engine. More specifically, the engine is 2.8-liter diesel and can produce 500 Nm of torque and 201 hp. With only 1,850,000Php, you can own a Hilux Conquest 4x4 with an Emotional red painting.
Toyota Wigo: 9,145 units sold
The Wigo is a subcompact and hatchback. It has been a popular model for many years. Moreover, the TMP gave an update for this version last year with a new look and the same engine of 1.0-liter gasoline.
Toyota Innova: 7,375 units sold
With the seven-seater feature, this model is always one of the best options for families. Toyota also states that they will offer customers a more advanced version in 2021.
Toyota Rush: 7,271 units sold
Like the Innova model, the Rush is also the seven-seater one, but with a more affordable price than the other. More specifically, the starting price of this car is from 983,000Php.
Toyota Hiace: 7,073 units sold
TMP offers the Hiace with different variants; therefore, there are many choices for you to choose from this model with a wide range of prices and designs. The Commuter Cargo comes with a price tag of 1,101,000 Php, while the top-spec Luxury Pearl Hiace GL Grandia Tourer is 2,334,000 Php.
Ford Ranger: 86,850 units sold
Ford Ranger Philippines has a starting price at 1,032,000 Php. There are fourteen variants for this model, and the newest version with updates came last year in Thailand.
Mitsubishi Mirage G4: 6,432 units sold
The starting price for Mirage G4 is 735,000 Php. This model is a subcompact hatchback with five seaters.
Toyota Fortuner: 6,018 units sold
The Fortuner is one of the new models and launched by TMP last year. After the recent update, this model comes back with a better style and 2.8-liter diesel engine.
Nissan Navara: 5,897 units sold
The Nissan Navara is a midsize pickup truck.
Hopefully, our post provides you a quick look and useful information about the Philippines automotive industry. Did you find your answer on “How many cars are there in the Philippines” and “What are the most popular units in 2020?”.
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