The Philippine automotive industry shows continued growth with 2016 posting yet another record for sales. The local market hit a sales milestone with a total of 404,051 vehicles sold in 2016, marking a 24.88 percent increase from 2015. Toyota still has a large share of the market, capturing 39.12 percent of total vehicle sales.
This is also reflected in the list of top ten best-selling cars in the market with seven Toyota models in the list. Also part of the ten best-selling cars of 2016 are Mitsubishi, Hyundai and Ford with one model each.
LCVs, or light commercial vehicles make up most of the top ten with six listed. These are the Toyota Fortuner, Toyota Hiace, Toyota Innova, Toyota Avanza, Ford Everest and Toyota Hilux. The four PCs, or passenger cars, making the list are the Toyota Vios, Toyota Wigo Mitsubishi Mirage G4 and Hyundai Accent.
The country's best-selling car of 2016 is the Toyota Vios. The Santa Rosa, Laguna built B-Segment sedan racked up 36,256 sales during the past year. With that, the Vios retains its title as the best-selling car in the the Philippines.
In second was the Toyota Fortuner with 28,549 units sold. This makes the Fortuner the number-one PPV or pickup platform vehicle in the Philippines. Third spot went to the Toyota Hiace with 19,913 units shifted, making it the country's top-selling van of 2016. It was a close tally for fourth with Toyota Wigo edging past the Toyota Innova with 18,430 and 18,137 units sold respectively. Sixth place meanwhile went to the Toyota Avanza, shifting 13,466 during the past year.
The first of the non-Toyota models in the list comes from Mitsubishi. With 12,880 cars sold, the Mitsubishi Mirage G4 takes seventh place. These figures also reflects the Philippines' preference for sedans over hatchbacks. Ford meanwhile enters the top-ten in eighth place with the strong-selling Everest with 12,453 sold. The Toyota Hilux placed ninth as the best-selling pickup with 12,405 units. Hyundai meanwhile rounds up the top 10 with their Accent at 12,360 units sold for 2016.
Sales of the Toyota Vios marked an 8.5 percent increase from 2015's figures. The Mitsubishi Mirage G4 meanwhile had a sales increase of 11.4 percent. Also up is the Toyota Hiace with sales up by 16.2 percent. With almost 5,000 units more from 2015, sales of the Toyota Wigo grew significantly in 2016 with a 27.1 percent increase. A significant mover in 2016 was the Hyundai Accent, with its sales rising by 44.1 percent compared to 2015's total sales.
Honorable mentions go the the Mitsubishi L300 and Montero Sport. The L300 saw 11,555 homes last year driven mostly by business users while the Montero Sport shifted 10,786 units in its first year as an all-new model.