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Louella Desiderio - The Philippine Star
March 20, 2025 | 12:00am
A joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association released yesterday showed vehicle sales reached 39,164 units in February, higher than the 38,072 units in the same month last year.
STAR / File
MANILA, Philippines — Vehicle sales rose by 2.9 percent in February from the same month a year ago, supported by increasing demand and stable supply.
A joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association released yesterday showed vehicle sales reached 39,164 units in February, higher than the 38,072 units in the same month last year.
Sales of electric vehicles (EVs) reached 1,816 units in February.
Of these 1,589 units are hybrid electric vehicles (HEVs), 189 are battery EVs (BEVs) and 38 are plug-in HEVs (PHEVs).
Total vehicle sales in the January to February period reached 76,768 units, up by 6.4 percent from the 72,132 units in the same period last year.
Sales of passenger cars during the two-month period declined by 12.4 percent to 15,883 units from 18,129 units in the same period in 2024.
Commercial vehicle sales accelerated by 12.6 percent to 60,885 units in the January to February period from 54,048 units in the previous year.
A total of 3,416 EVs were sold in the first two months of the year.
Broken down, HEV sales reached 3,034 units, while 335 BEVs and 47 PHEVs were sold in the January to February period.
CAMPI said automotive sales trends are influenced by several factors, including supply chain stability, growing demand for electric and autonomous vehicles and global economic conditions.
“There has been a notable consumers’ preferences for connected and personalized driving experiences, alongside a shift toward sustainability and environmental concerns,” CAMPI said.
It also said technological advancements in artificial intelligence, sensors and infotainment systems are likely to transform the industry and contribute to the overall positive sales trends for the year.
Rizal Commercial Banking Corp. chief economist Michael Ricafort said in an email that the introduction of EVs, hybrid vehicles and the entry of new players into the country are also driving demand for cars.
“The continued growth in vehicle sales could also be attributed to the country’s favorable demographics and could also reflect the country’s improved economic fundamentals, since the
