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flag Philippine vehicle sales dropped 10.4% in January 2026, led by a 20.1% fall in passenger cars, though EV sales rose 63.1%.

flag Philippine vehicle sales fell 10.4% in January 2026 to 33,696 units, the largest annual drop in four years, driven by a 20.1% decline in passenger car sales and a 7.9% drop in commercial vehicles. flag Despite a 40.1% monthly decline, electric vehicle sales surged 63.1% to 2,610 units, making up 7.75% of the market. flag Toyota Motor Philippines led with a 48.51% share, while analysts cited weak consumer sentiment and economic headwinds as key factors, though recovery is expected later in the year.

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