Philippines Autos Report Q4 2016

Philippines Autos Report Q4 2016

Published: September 2016
Publisher: BMI Research
Product ref: 262811
Pages: 33
Format: PDF
Delivery: Immediate download

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BMI View: Robust private consumption and a booming construction sector will translate into growing
demand for both passenger vehicles and commercial vehicles. We therefore forecast growth of 23.6% in
vehicle sales in 2016, reaching 356,758 units sold by year end.

Key Views
¦ Robust domestic demand, which is driving economic growth, will bode well for vehicle sales.
¦ Low inflation and greater access to credit will benefit consumer spending.
¦ Strong remittance inflows will support private consumption.
¦ A booming construction sector, supported by a large PPP pipeline, robust property market and stable
monetary policy, will drive growth in the commercial vehicle segment.
¦ Approval of Mitsubishi Motors Philippines Corporation and Toyota Motors Philippines
Corporation as participating carmakers in governments CARS Program will boost domestic passenger
car production.

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By market: Philippines (in Asia)

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