The Philippines Business World reported on October 19 that the Philippine Automobile Manufacturers Association and the Truck Manufacturers Association jointly released a report showing that in the first three quarters of this year, the sales of cars in the Philippines reached 302869, up 15.9% year on year.

Compared with August, the demand for automobiles slowed down in September, and the sales volume dropped by 2.4%. Rommel Gutierrez, president of the Philippine Automobile Manufacturers Association, said that with the improvement of sales performance of major models, the market prospect is still promising. It is still optimistic to achieve the annual goal through marketing and promotion activities. "

According to statistics, from January to September, the sales of commercial vehicles in the Philippines reached 201214, and the sales of passenger vehicles reached 101655. The top five automobile enterprises with market share are Toyota Motor Philippines (43.82%), Mitsubishi Motors Philippines (17.65%), Ford Motor Philippines (8.58%), Honda Motor Philippines (6.87%) and Isuzu Motor Philippines (6.80%).