Philippines Used Car Market Outlook To 2026 (Third Edition)

Figure 1‑1: Flow Chart of Philippines Used Car Market, 2021P

Figure 1‑2: Philippines Used Car Market Flow Chart, 2026F

Figure 3‑1: Value Chain of Philippines Used Car Market including Margins, Source of Procurement and Target Buyers

Figure 3‑2: Value Chain of Philippines Used Car Market in Online Space (Inter-Entity Relationship)

Figure 3‑3: Upstream Processes in Philippines Used Car Market

Figure 3‑4: Downstream Process in Philippines Used Car Market

Figure 3‑5: Business Cycle of Philippines Used Car Market

Figure 4‑1: Revenue Streams for Offline Dealers Business Models Prevalent in Philippines Used Car Market

Figure 4‑2: Revenue Streams for Online Auto Classifieds Business Models Prevalent in Philippines Used Car Market

Figure 6‑1: Philippines Used Car Market Size on the Basis of Sales Volume in Units and Gross Transaction Value in PHP Billion, 2016-2021P

Figure 6‑2: Philippines Used Car Market Size on the Basis of Total Used Car Sales and Total New Car Sales in Thousand Units, 2016-2021P

Figure 6‑3: Philippines Used Car Market on the Basis of Used Car to New Car Ratio, 2016-2021P

Figure 6‑4: Average Ticket Price in Philippines Used Cars Market in PHP, 2016-2021P

Figure 6‑5: Philippines B2C Used Car Market Size on the Basis of Sales Volume in Thousand Units and Growth Rate in Percentage (%), 2016-2021P

Figure 6‑6: Philippines B2C Used Car Market Size on the Basis of Gross Transaction Value in PHP Billion and Growth Rate in Percentage (%), 2016-2021P

Figure 6‑7: Philippines C2B Used Car Market Size on the Basis of Sales Volume in Thousand Units and Growth Rate in Percentage (%), 2016-2021P

Figure 6‑8: Philippines C2B Used Car Market Size on the Basis of Gross Transaction Value in PHP Billion and Growth Rate in Percentage (%), 2016-2021P

Figure 7‑1: Philippines Used Car Market Segmentation by Market Structure (Organized and Unorganized Market Structure) on the Basis of Sales Volume in Percentage, 2021P

Figure 7‑2: Philippines Used Car Organized Market Segmentation by Lead Generation (Online Lead Generation and Dealership Walk-Ins) on the Basis of Sales in Percentage (%), 2021P

Figure 7‑3: Philippines Used Car Organized Market Segmentation by Origin of Sale (Multi-Brand Dealers, Bank Repossessed Cars, and Direct Dealership Sales Agents) on the Basis of Sales in Percentage (%), 2021P

Figure 7‑4: Philippines Used Car Market Segmentation by Average Ticket Size (Less than PHP 100K, PHP 100K-300K, PHP 300K-500K, PHP 500K-700K, PHP 700K-1M, and PHP 1M and Above) on the Basis of Sales in Percentage (%), 2021P

Figure 7‑5: Philippines Used Car Market Segmentation by Region (Metro Manila, Northern Luzon, Visayas, Southern Luzon, and Mindanao) on the Basis of Sales in Percentage (%), 2021P

Figure 7‑6: Philippines Used Car Market Segmentation by Type of Vehicle (Sedan, SUV, Hatchback, Pickup Vans, MPV/AUV, and Others) on the Basis of Sales in Percentage (%), 2021P

Figure 7‑7: Cross Comparison between Type of Vehicle (Sedans, SUVs, Hatchbacks, Pickups and MPVs) including Average Price, Average Car Replacement Age, Major Car Brands, Target Audience, and Target Audience on the basis of Family Size, 2021P

Figure 7‑8: Philippines Used Car Market Segmentation by Type of Fuel (Gasoline, Diesel, Hybrid and Electric) on the Basis of Sales in Percentage (%), 2021P

Figure 7‑9: Philippines Used Car Market Segmentation by Type of Vehicle Manufacturer- Origin of Country (Japanese, Korean, American, Chinese, German, British, and Others) including Brand on the Basis of Sales in Percentage (%), 2021P

Figure 7‑10: Philippines Used Car Market Segmentation by Brand (Toyota, Mitsubishi, Hyundai, Ford, Nissan, Honda, Isuzu, Suzuki and Others) on the Basis of Sales in Percentage (%), 2021P

Figure 7‑11: Philippines Used Car Market Segmentation by Average Replacement Period (0-2 years, 3-4 years, 5-6 years, 6-8 years, and above 8 years) on the Basis of Sales in Percentage (%), 2021P

Figure 7‑12: Philippines Used Cars Sales in Percentage (%) on the basis of Average Mileage driven (Less than 10k, 10k-20k, 20k-50k, 40k-75k, 75k-100k, Above 100k Kms), 2021P

Figure 7‑13: Philippines Car Parc on the Basis of Total Number of Cars in Use in the Country, 2016-2021P

Figure 8‑1: Philippines Used Car Market Sales Trend on the Basis of M-o-M sales (Pre-Covid, Peak-Covid, and Recovery), 2020 (Non-Scale Graph)

Figure 9‑1: Estimated Average Price of a Used Car in Philippines, 2016-2021P

Figure 14‑1: Market Share of Various DDSA’s (Toyota Certified, Nissan Intelligent Choice, Mercedes-Benz Certified, BMW Certified and Others) on the Basis of Sales Volume in Percentage (%), 2020

Figure 14‑2: Philippines Used Car Market Share by Top 6 Offline Dealers on the Basis of Sales Volume in Percentage (%), 2020

Figure 15‑1: Philippines Used Car Market Size Future Projections on the Basis of Sales Volume in Units and Gross Transaction Value in PHP Billion, 2021P-2026F

Figure 15‑2: Philippines Used Car Market Size Future Projections on the Basis of Total Used Car Sales and Total New Car Sales in Thousand Units, 2021P-2026F

Figure 15‑3: Philippines Used Car Market Future Projections on the Basis of Used to New Car Ratio, 2021P-2026F

Figure 15‑4: Philippines Used Car Market future Projections on the Basis of Average Ticket Size in PHP, 2021P-2026F

Figure 15‑5: Philippines B2C Used Car Market Size on the Basis of Sales Volume in Thousand Units and Growth Rate in Percentage (%), 2021P-2026F

Figure 15‑6: Philippines B2C Used Car Market Size on the Basis of Gross Transaction Value in PHP Billion and Growth Rate in Percentage (%), 2021P-2026F

Figure 15‑7: Philippines C2B Used Car Market Size on the Basis of Sales Volume in Thousand Units and Growth Rate in Percentage (%), 2021P-2026F

Figure 15‑8: Philippines C2B Used Car Market Size on the Basis of Gross Transaction Value in PHP Billion and Growth Rate in Percentage (%), 2021P-2026F

Figure 15‑9: Future Outlook and Projections of Philippines’ Used Car Market Segmentation by Distribution Channel (Online and Offline) in the overall Market on the Basis of Sales in Percentage (%), 2021P and 2026F

Figure 15‑10: Future Outlook and Projections of Philippines Used Car Market Segmentation by lead generation (Online and Dealership walk-ins) in the Organized Market on the basis of Sales in Percentage (%), 2021P and 2026F

Figure 15‑11: Future Outlook and Projections of Philippines Used Car Market (Organized) Segmentation by Origin of Sale (Multi-Brand Dealers, Direct Dealership Sales Agents, and Repossessed) on the Basis of Sales in Percentage (%), 2021P-2026F

Figure 15‑12: Future Outlook and Projections of Philippines Used Car Market Segmentation by Brand (Toyota, Mitsubishi, Hyundai, Ford, Nissan, Honda, Isuzu, Suzuki and Others) on the basis of Sales Volume in Percentage (%), 2026F

Figure 15‑13: Future Outlook and Projections of Philippines Used Car Market Future Segmentation by Age (0-2, 2-4, 4-6, 6-8, and Above 8 Years) on the Basis of Sales in Percentage (%), 2026F

Figure 15‑14: Future Outlook and Projections of Philippines Used Car Market Segmentation by Brand (less than 100k, 100k-300k, 300k-500k, 500k-700k, 700k-1M, and Above 1 M) on the Basis of Sales in Percentage (%), 2026F

Figure 15‑15: Future Outlook and Projections of Philippines Used Car Market Segmentation by Car Type (Sedan, SUV, Pickup Vans, Hatchbacks, MPV, and Others) on the Basis of Sales in Percentage (%), 2026F

Figure 15‑16: Future Outlook and Projections of Philippines Used Car Market Segmentation by Region (Metro Manila, Northern Luzon, Visayas, Southern Luzon, and Mindanao) on the basis of Sales in Percentage (%), 2026F

Figure 15‑17: Future Outlook and Projections of Philippines Used Car Market Segmentation by Type of Fuel (Gasoline, Diesel and Others) on the Basis of Sales in Percentage (%), 2026F

Figure 15‑18: Future Outlook and Projections of Philippines Used Car Market Segmentation by Mileage (Below 10,000 Kms, 10,000-20,000 Kms, 20,000-50,000 Kms, 50,000-75,000 Kms, 75,000-100,000 Kms, and Above 100,000 Kms) on the Basis of Sales in Percentage (%), 2026F

Figure 17‑1: Philippines Online C2B & B2C Used Car Market Size on the Basis of Sales Volume in Million Units, 2021P-2026F

Figure 17‑2: Philippines Online C2B & B2C Used Car Market Size on the Basis of Gross Transaction Value in USD Billion, 2021P-2026F

Figure 18‑1: Philippines Automotive Aftermarket Size in PHP Billion and Growth Rate in Percentage (%), 2016-2021P

Figure 18‑2: Philippines Automotive Aftermarket Size Future Projections in PHP Billion and Growth Rate in Percentage (%), 2021P-2026F

Figure 18‑3: Philippines Car Warranty Value in PHP Billion and Growth Rate in Percentage (%), 2016-2021P

Figure 18‑4: Philippines Car Warranty Value Future Projections in PHP Billion and Growth Rate in Percentage (%), 2021P-2026F

Figure 18‑5: Philippines Overall Motor Insurance Premium in PHP Billion and Growth Rate in Percentage (%), 2016-2021P

Figure 18‑6: Philippines Overall Motor Insurance Premium Future Projections in PHP Billion and Growth Rate in Percentage (%), 2021P-2026F

Figure 18‑7: Philippines Overall Used Car Finance Disbursed in PHP Billion and Growth Rate in Percentage (%), 2016-2021P

Figure 18‑8: Philippines Overall Used Car Finance Disbursed Future Projections in PHP Billion and Growth Rate in Percentage (%), 2021P-2026F

Table 2‑1: List of Abbreviations

Table 2‑2: Sample Size and Composition by Stakeholders

Table 2‑3: Sample Size and Composition by Respondent Category

Table 2‑4: Correlation Matrix of Philippines Used Car Market

Table 2‑5: Regression Coefficients Output for Philippines Used Car Market

Table 3‑1: Upstream Process in Philippines Used Car Market

Table 3‑2: Downstream Process in Philippines Used Car Market

Table 5‑1: Customer Profile of Philippines Used Car Market on the Basis of Demographic Characteristics, Geographical Characteristics and Psychological Characteristics

Table 6‑1: Overview of Philippines Used Car Market including Market Genesis, Supply, Sales Channel, Consumer Demand, Consumer Preference and Major Entities involved in the Industry’s Value Chain

Table 6‑2: Rationale and Description for Philippines Used Car Market Size by Sales Volume in Units and by Transaction Value in PHP Billion, 2016-2021P

Table 7‑1: Rationale and Description for Philippines Used Car Market by Market Structure (Organized and Unorganized Market) on the Basis of Sales Volume in Units and Percentage share, 2021P

Table 7‑2: Philippines Used Car Market Segmentation by Market Structure (Organized and Unorganized Market) on the Basis of Sales Volume in Units, 2021P

Table 7‑3: Philippines Used Car Market Segmentation by Lead Generation (Online Lead Generation and Dealership Walk-Ins) on the basis of Sales Volume in Units, 2021P

Table 7‑4: Philippines Used Car Organized Market Segmentation by Origin of Sale (Multi-Brand Dealers, Bank Repossessed Cars, and Direct Dealership Sales Agents) on the Basis of Sales in Units, 2021P

Table 7‑5: Philippines Used Car Market Segmentation by Average Ticket Size (Less than PHP 100K, PHP 100K-300K, PHP 300K-500K, PHP 500K-700K, PHP 700K-1M, and PHP 1M and Above) on the Basis of Sales Volume in Units, 2021P

Table 7‑6: Philippines Used Car Market Segmentation by Region (Metro Manila, Northern Luzon, Visayas, Southern Luzon, and Mindanao) on the Basis of Sales Volume in Units, 2021P

Table 7‑7: Philippines Used Car Market Segmentation by Type of Vehicle (Sedan, SUV, Hatchback, Pickup Vans, MPV/AUV, and Others) on the Basis of Sales Volume in Units, 2021P

Table 7‑8: Philippines Used Car Market Segmentation by Type of Fuel (Gasoline, Diesel, Hybrid and Electric) on the Basis of Sales Volume in Units, 2021P

Table 7‑9: Philippines Used Car Market Segmentation by Type of Vehicle Manufacturer- Origin of Country (Japanese, Korean, American, Chinese, German, British, and Others) including Brand on the Basis of Sales Volume in Units, 2021P

Table 7‑10: Philippines Used Car Market Segmentation by Brand (Toyota, Mitsubishi, Hyundai, Ford, Nissan, Honda, Isuzu, Suzuki and Others) on the Basis of Sales in Units, 2021P

Table 7‑11: Philippines Used Car Market Segmentation by Average Replacement Period (0-2 years, 3-4 years, 5-6 years, 6-8 years, and above 8 years) on the Basis of Sales Volume in Units, 2021P

Table 7‑12: Cross-Comparison of Car Age including Average Price, Body Type, Brands and Target Audience in the Philippines Used Car Market, 2021P

Table 7‑13: Philippines Used Car Market Segmentation by Average Mileage Driven (Less than 10k, 10k-20k, 20k-50k, 40k-75k, 75k-100k, Above 100k Kms) on the Basis of Sales Volume in Units, 2021P

Table 7‑14: Number of Used Car Listings on Classified Pages or Online Auto Portals

Table 13‑1: Government Regulations prevailing in the Philippines Used Car Market

Table 13‑2: Procedure of buying/selling any used car from/in the organized market segment in Philippines

Table 14‑1: Competition Parameters in Philippines Used Car Market (Including Price, Retail Space, Brand Awareness, and Value Added Services, Technical Know-How, Sourcing of Cars and Condition of the Vehicle)

Table 14‑2: Market Share of Various DDSA’s (Toyota Certified,  Nissan  Intelligent Choice, Mercedes Benz, BMW Certified and Others) on the Basis of Sales Volume in Units, 2020

Table 14‑3: Inventory of Repossessed Cars in the Banks of Philippines

Table 14‑4: Company Profile of Toyota Certified Philippines Including Company Overview, USP, Business Strategies, Strength, Weakness, Business Model, Marketing Strategy, Global Operations, Other Services, Pre-Owned Car Sales by Volume, Recent Development and Value Added Services

Table 14‑5: Location of Toyota Certified Showrooms Selling Used Car in Philippines, 2020

Table 14‑6: Best Selling Toyota Certified Cars in Philippines, as of 2020

Table 14‑7: Company Profile of Nissan Intelligent Choice Including Company Overview, Location, USP, Business Strategies, Business Model, Marketing Strategy, Volume of Used Cars, Financing Option, Value Added Services and Recent Developments

Table 14‑8: Best Selling Pre-Owned Cars sold by Nissan Intelligent Choice in the Philippines, as of 2020

Table 14‑9: Company Profile of BMW Premium Selection Certified Including Company Overview, Business Strategy, Warranty, Value Added Services, USP, Number of Car sold, Financing Affiliations, No. of outlets, Inspection and Recent Developments

Table 14‑10: Company Profile of Mercedes-Benz Philippines including Company Overview, Location, USP, Business Model, Warranty, Weaknesses, Number of Cars Sold, Inspection, Financing Affiliations, Inventory as of August 2021 and Recent Developments

Table 14‑11: Company Profile of Honda Cars Philippines Inc. including Company Overview, USP, Business Strategies, Business Model, Marketing Strategy and Value Added Services

Table 14‑12: Company Profile of AutoDeal including Company Overview, USP, Business Strategies, No. of Unique Visitors, Listing Packages, Number of Dealers Associated, Recent Developments, and Value Added Services

Table 14‑13: Company Profile of Carmudi Philippines including Company Overview, USP, Marketing Strategies, Business Model, Global Presence, Recent Developments

Table 14‑14: Company Profile of Philkotse Philippines Including Company Overview, USP, Business Strategy, Marketing Strategy, Average Number of Dealers listed, New Listings, Unique Visitors

Table 14‑15: Company Profile of Carousell Philippines Including Company Overview, USP, Business Model, Vehicle Listing, Recent Developments, Average Listing Charge, Packages Offered and Top brands

Table 14‑16: Company Profile of Zigwheels Philippines Including Company Overview, USP, Business Strategy, Vehicle Listing in 2021, Recent Developments, Weaknesses, Value Added services and Revenue Model

Table 14‑17: Company Profile of Automart Philippines Including Company Overview, USP, Business Strategy, Vehicle Listing, Recent Development, Revenue Model, Inspection, Dealers, Warranty, Sales 2020, Value added services, Payment Options, Strength and Weaknesses

Table 14‑18: Heat Map Analysis for Online Used Car Players (Auto – Portals) on the Basis of Vehicle Inspection, Financing Facilities, Affiliation with Used Car Dealers, Insurance, Premium Listing Service, and Online Bidding Service

Table 14‑19: Company profile of EastWest Bank Including Bank Overview, Inventory, Business Strategy, Sales, Recent Developments, Inspection, Warranty, and Warehouses

Table 14‑20: Company Profile of BDO UniBank including Overview, Inventory, Business Strategy, Recent Developments, Inspection, Warranty, and Warehouses

Table 14‑21: Company profile of Security Bank Including Bank Overview, Inventory, Business Strategy,  Recent Developments, Inspection, Warranty, Warehouses, and Bidding Procedure

Table 14‑22: Comparing the Financing Options of Banks in Philippines for Auto Loans of New and Used Cars on the Basis of Interest Rates and Down Payment Options

Table 14‑23: Company Profiles of Major Multi-brand dealers of Used Cars in the Philippines such as Carmix, Automobilico, Carmax, All Cars, Berylle Car Sales, and Five Aces Used Cars

Table 14‑24: Heat Map Analysis for Major Multi Brand Dealers in Philippines Used Car Market on the Basis of Vehicle Inspection, Valuation of a Vehicle, Car Finance Service, After Sale Service, Car Warranty Service, Certification, and Customer Consulting Service

Table 15‑1: Rationale and Description for Philippines Used Car Market Size Future Projections on the Basis of Gross Transaction Value in PHP Billion and Sales Volume in Units, 2021P-2026F

Table 15‑2: Rationale and Description for Philippines Used Car Market Segmentation by Distribution Channel on the basis of Sales Volume, 2026F

Table 15‑3: Future Outlook and Projections of Philippines Used Car Market Segmentation by Distribution Channel (Organized and Unorganized) in the overall Market on the Basis of Sales Volume in Units, 2026F

Table 15‑4: Rationale and Description for Philippines Used Car Market Segmentation by Type of Channel (Online and Offline Channel) in the Organized Market on the Basis of Sales Volume, 2026F

Table 15‑5: Philippines Used Car Market Segmentation by Type of Channel (Online and Offline Channel) in Organized Market on the basis of Sales Volume in Units, 2026F

Table 15‑6: Rationale and Description for Philippines Used Car Market Future Segmentation by Origin of Sale (Multi Brand Dealers, Direct Dealership Sales Agent, and Repossessed) on the Basis of Sales Volume in Units, 2026F

Table 15‑7: Future Outlook and Projections of Philippines Used Car Market (Organized) Segmentation by Origin of Sale (Multi Brand Dealers, Direct Dealership Sales Agent, and Repossessed) on the Basis of Sales Volume in Units, 2026F

Table 15‑8: Future Outlook and Projections of Philippines Used Car Market Segmentation by Brand (Toyota, Mitsubishi, Hyundai, Ford, Nissan, Honda, Isuzu, Suzuki and Others) on the basis of Sales Volume n Units, 2026F

Table 15‑9: Future Outlook and Projections of Philippines Used Car Market Segmentation by Age (0-2, 2-4, 4-6, 6-8, and above 8 years) on the Basis of Sales Volume in Units, 2026F

Table 15‑10: Future Outlook and Projections of Philippines Used Car Market Segmentation by Brand (less than 100k, 100k-300k, 300k-500k, 500k-700k, 700k-1M, and Above 1 M) on the basis of Sales Volume in Percentage (%), 2026F

Table 15‑11: Future Outlook and Projections of Philippines Used Car Market Segmentation by Car Type (Sedan, SUV, Pickup Vans, Hatchbacks, MPV, and Others) on the basis of Sales in Units, 2026F

Table 15‑12: Future Outlook and Projections of Philippines Used Car Market Segmentation by Region (Metro Manila, Northern Luzon, Visayas, Southern Luzon, and Mindanao) on the Basis of Sales in Units, 2026F

Table 15‑13: Future Outlook and Projections of Philippines Used Car Market Segmentation by Type of Fuel (Gasoline, Diesel and Others) on the Basis of Sales Volume in Units, 2026F

Table 15‑14: Future Outlook and Projections of Philippines Used Car Future Market Segmentation by Mileage (Below 10,000 Kms, 10,000-20,000 Kms, 20,000-50,000 Kms, 50,000-75,000 Kms, 75,000-100,000 Kms, and Above 100,000 Kms) on the Basis of Sales Volume in Units, 2026F

Table 16‑1: Buying Decision Parameters for Used Car in Philippines

Table 19‑1: Analyst Recommendation for Philippines Used Car Market