Philippines Used Car Market Outlook to 2023
By Market Structure (Organized and Unorganized Market), by Origin of Sale (Direct Dealership Sales Agent, Repossessed Units Sold By Banks and Multi Brand Dealers), by Sales Channel (Online and Dealership Walk-ins), by Average Vehicle Replacement Period and by Major Car Manufacturer Brands
October 2019
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About the Report
About the Report
The report titled "Philippines Used Car Market Outlook to 2023 - by Market Structure (Organized and Unorganized Market), by Origin of Sale (Direct Dealership Sales Agent, Repossessed Units Sold By Banks and Multi-Brand Dealers), By Sales Channel (Online and Dealership Walk-ins), by Average Vehicle Replacement Period and by Major Car Manufacturer Brands" provides a comprehensive analysis of the Used Vehicle market in Philippines. The report also covers the overview and genesis of the industry, market size in terms of gross transaction value, and in terms of sales volume, trends and developments, issues and challenges, regulations in Philippines, snapshot on Philippines online classified market, business models, value chain analysis, SWOT analysis, buying decision parameters, competitive scenario and company profiles. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions.
Philippines Used Car Market Overview and Size
- Organized Market
- Unorganized Market
- Direct Dealership Sales Agent
- Repossessed Units Sold By Banks
- Multi Brand Dealers
- Online Platforms
- Dealership Walk-ins
- Japanese Brands
- German Brands
- American Brands
- Korean Brands
- Other European Brands
- British Brands
- Others
- Potential Direct Dealership Sales Agents
- Existing Multi-Brand Dealerships
- Banks & Subsidiaries
- Captive Finance Companies
- Non-Banking Financial Institutions
- Cab Aggregators and Car Rental Companies
- Government Organizations
- Online Auto Portals
- Classified Pages
- Investors and VC Firms
- Industry Associations
- Financial Year 2014-2018: Historical Period
- Financial Year 2019-2023: Future Forecast
- Toyota
- Nissan
- Hyundai
- Honda
- Mitsubishi
- Ford
- Toyota Certified
- Honda Philippines
- Nissan Intelligent Choice
- Hyundai Philippines
- Mitsubishi Certified
- BDO
- PS Bank
- BPI
- East-West Bank
- China Bank
- RCBC
- May Bank
- Sterling Bank
- Security Bank
- Phil Kotse.com
- OLX
- Auto Deal.com
- CarMudi Philippines
- Philippines Used Car Market Overview
- Philippines Used Car Market Size on the Basis of Value, 2014–2018
- Philippines Used Car Market Size on the Basis of Volume of Used Cars Sold, 2014–2018
- Philippines Used Car Market Segmentation by Market Structure (Organized and Unorganized)
- Philippines Used Car Market Segmentation by Sales Channel (Online Vs Offline)
- Philippines Used Car Market by Origin of Sale (DDSA, Banks Repossessed Car Auctions and Multi-Brand Dealers)
- Revenue Model of Key Classified Pages and Online Auto Portals.
- Strengths and Weaknesses of Major Players in the Philippines Used Car Market
- Company Profile of Major Players in the Philippines Used Car Market
- Future Outlook and Projections in Philippines Used Car Market (2019-2023)
- Analyst Recommendations
Products
Products
- Organised Market
- Unorganized Market
- Direct Dealership Sales Agent
- Repossessed Units Sold By Banks
- Multi Brand Dealers
- Online Platforms
- Dealership Walk-ins
- Japanese Brands
- German Brands
- American Brands
- Korean Brands
- Other European Brands
- British Brands
- Others
Companies
- Toyota
- Nissan
- Hyundai
- Honda
- Mitsubishi
- Ford
- Toyota Certified
- Honda Philippines
- Nissan Intelligent Choice
- Hyundai Philippines
- Mitsubishi Certified
- BDO
- PS Bank
- BPI
- East West Bank
- China Bank
- RCBC
- May Bank
- Sterling Bank
- Security Bank
- Phil Kotse.com
- OLX
- Auto Deal.com
- CarMudi Philippines
Table of Contents
Table of Contents
1. Executive Summary
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Sizing and Modeling
3. Philippines Used Car Market Value Chain Analysis
3.1. Philippines Used Car Market Ecosystem
3.2. Working Processes Involved in Philippines Used Car market
3.2.1. Upstream Process
3.2.2. Downstream Process
4. Customer Profile of Philippines Used Car Market
5. Philippines Used Car Market, 2014 – 2018
5.1. Philippines Used Car Market Introduction
5.2. Philippines Used Car Market by Transaction Value and by Sales Volume, 2014-2018
6. Philippines Used Car Market Segmentation, 2018
6.1. By Market Structure (Organised and Unorganized Market)
6.2. Organized Market Segmentation by Sales Channel (Online and Dealership Walk-ins)
6.3. By Average Ticket Size of a Used Car
6.4. By Type of Vehicle Manufacturer (Japanese, German, American, Korean, Other European, British and Other)
6.5. By Average Replacement Period
6.5.1. Ordinal Ranking of Major Auto Portals
6.5.2. Computation of Used Motor Vehicle
7. Competitive landscape in Philippines Used Car Market, 2018
7.1. Competition Parameters
7.2. Competitive Scenario in Philippines Used Car Market
7.3. Company Profiles of Direct Dealership Sales Agent (DDSA) (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)
7.3.1. Toyota Certified Philippines
7.3.2. Nissan Intelligent Choice Philippines
7.3.3. Honda Philippines Car Inc.
7.3.4. Hyundai Asia Resource Inc.
7.4. Company Profiles of Major Online Auto Portals/ Classifieds (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)
7.4.1. Auto Deal Philippines
7.4.2. Car Mudi Philippines
7.4.3. Philkotse Philippines
7.4.4. Carousell Philippines (Olx Philippines)
8. Trends and Developments in Philippines Used Car Market
9. Growth Drivers of Philippines Used Car Market
10. Challenges and Restraints in Philippines Used Car Market
11. Government Regulations in Philippines Used Car Market
12. Sales Channels Used in Philippines Used Car Market
13. Philippines Used Car Market Future Outlook and Projections, 2019E-2023E
13.1. Future Market Projections, 2019E-2023E
13.2. Philippines Used Car Market Future Segmentation, 2019E-2023E
13.2.1. By Market Structure (Organised and Unorganised), 2019E-2023E
13.2.2. By Origin of Sale (Direct Dealership Sales Agent, Repossessed Units Sold By Banks and Multi Brand Dealers), 2018- 2023E
14. Analyst Recommendation
Disclaimer
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List of Figure
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 and Margin Analysis)
Figure 3-4: Upstream Processes in Philippines Used Car Market
Figure 3-5: Downstream Process in Philippines Used Car Market
Figure 4-1: Comparative Analysis of Intent to Upgrade to Different Vehicle (New/Used) on the basis of Financial Stability in Percentage (%)
Figure 5-1: Philippines Used Car Market Size on the basis of Sales Volume in Units and Growth Rate in Percentage (%), 2014-2018
Figure 5-2: Philippines Used Car Market Size on the basis of Transaction Value in PHP Billion and Growth Rate in Percentage (%), 2014-2018
Figure 5-3: Number of Used Car and New Car Sales in Thousands in Philippines, 2014-18
Figure 6-1: Philippines Used Car Market Segmentation by Market Structure (Organized and Unorganized Market Structure) on the Basis of Sales Volume in Percentage, 2018
Figure 6-2: Philippines Used Car Organized Market Segmentation by Sales Channel (Offline and Online) on the basis of Sales Volume in Units, 2018
Figure 6-3: Philippines Used Car Market Size by Average Ticket Size of a Vehicle in Pesos and Growth Rate in Percentage (%), 2014–2018
Figure 6-4: Philippines Used Car Market Segmentation by Type of Manufacturer- Origin of Country (Japanese, German, American, Korean, Other European, British, and Other) on the basis of Sales Volume in Percentage, 2018
Figure 6-5: Used Car Sales Volume by Average Replacement Period in Percentage of a Vehicle (First Car Ownership Change) in Philippines, 2018
Figure 6-6: Philippines Used Motor Vehicle (Commercial, Passenger and Motor Cycle) Market Share on the Basis of Volume in Percentage (%), 2018
Figure 7-1: Philippines Organized Used Car Market by Origin of Sale in Percentage (%), 2018
Figure 7-2: Market Share by Type of Car Brand in Philippines Used Car Market on the basis of Sales Volume in Percentage (%), 2018
Figure 7-3: Market Share of Various DDSA’s (Toyota Certified, Honda Philippines, Nissan Intelligent Choice, Hyundai Philippines, Mitsubishi Certified and Others) on the basis of Sales Volume in Percentage (%), 2018
Figure 7-4: Market Share of Major Banks Auctioning Used Cars in Percentage (%), 2018
Figure 7-5: Nissan Claim Process in Case of Accidental Damage to the Vehicle
Figure 7-6: Flow Chart for Revenue Stream for Auto Deal Philippines
Figure 7-7: Revenue Flow Chart of Car Mudi Philippines as of 2018
Figure 7-8: Revenue Flow Chart of Philkotse Philippines as of 2018
Figure 6-9: Types of Packages to List Vehicle on Carousell Philippines (Olx Philippines), 2018
Figure 8-1: Average Price of a Used Car in Philippines, 2014-2018
Figure 8-2: Inflation Trend in Philippines Month on Month in Percentage (%), 2015-2018
Figure 13-1: Philippines Used Car Market Size Future Projections by Transaction Value in PHP Billion and Growth Rate in Percentage (%), 2018-2023E
Figure 13-2: Philippines Used Car Market Size Future Projections on the basis of Sales Volume in Units and Growth Rate in Percentage (%), 2018-2023E
Figure 13-3: Philippines Used Car Market Future Projections for Used Car to New Car Ratio and Growth Rate in Percentage (%), 2018-2023E
Figure 13-4: Philippines Used Market Future Projections by Organized and Unorganized Market by Sales Volume in Percentage (%), 2018-2023E
Figure 13-5: Philippines Used Car Market Segmentation by Type of Channel (Online and Offline Channel) in Organised Market on the basis of Sales Volume in Percentage (%), 2018-2023E
Figure 13-7: Philippines Used Car Market Future Segmentation by Origin of Sale (Direct Dealership Sales Agent, Repossessed Units Sold By Banks and Multi Brand Dealers) on the basis of Sales Volume in Percentage (%), 2018-2023EValue Chain of Philippines Used Car Market in Online Space (Inter-Entity Relationship and Margin Analysis)
List of Table
Table 2-2: Correlation Matrix for Philippines Used Car Market
Table 2-3: Regression Coefficients Output for Philippines Used Car Market
Table 3-1: Philippines Used Car Market Ecosystem Consisting of Direct Dealership Sales Agents, Bank Repossessed Cars, Multi Brand Dealers, Individual Sellers and Freelancers, Online Portals and End Users, 2018
Table 3-2: Upstream Process in Philippines Used Car Market
Table 3-3: Downstream Process in Philippines Used Car Market
Table 4-1: Customer Profile of Philippines Used Car Market on the Basis of Demographic Characteristics, Geographical Characteristics and Psychological Characteristics
Table 5-1: Overview of Philippines Used Car Market Including Market Genesis, Supply, Sales Channel, Consumer Demand, Consumer Preference and Major Entities involved in Value Chain
Table 5-2: Rationale and Description for Philippines Used Car Market Size by Sales Volume in Units and by Transaction Value in PHP Billion, 2014 –2018
Table 6-1: Rationale and Description for Philippines Used Car Market by Market Structure (Organized and Unorganized Market) on the Basis of Sales Volume in Units, 2018
Table 6-2: Philippines Used Car Market Segmentation by Market Structure (Organized and Unorganized Market) on the Basis of Sales Volume in Units, 2018
Table 6-3: Philippines Used Car Market Segmentation by Sales Channel (Dealership Walk-Ins and Online) on the basis of Sales Volume in Units, 2018
Table 6-4: Used Car Sales Volume by Average Ticket Size in Philippines in PHP, 2018
Table 6-5: Philippines Used Car Market Segmentation by Type of Vehicle Manufacturer- Origin of Country (Japanese, German, American, Korean, Other European, British, and Other) on the basis of Sales Volume in Units, 2018
Table 6-6: Philippines Average Replacement Period Sales Volume on the basis of Vehicle Model/Registration Year
Table 6-7: Number of Used Car Listings on Classified Pages or Online Auto Portals as on November, 2018
Table 7-1: Competition Parameters in Philippines Used Car Market (Including Price, Retail Space, Brand Awareness, Value Added Service, Technical Know-How, Sourcing of Cars and Condition of the Vehicle)
Table 7-2: Total Volume of Used Cars Sold by Organized Players (DDSA, Banks Repossessed Cars and Multi-Brand Dealers) in Philippines in Units, 2018
Table 7-3: Market Share by Type of Car Brand in Philippines Used Car Market on the basis of Sales Volume in Units, 2018
Table 7-4: Market Share of Various DDSA’s (Toyota Certified, Honda Philippines, Nissan Intelligent Choice, Hyundai Philippines, Mitsubishi Certified and Others) on the basis of Sales Volume in Units, 2018
Table 7-5: Total Volume of Repossessed Cars Auctioned By Banks in Philippines in Units, 2018
Table 7-6: 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 7-7: Location of Toyota Certified Showrooms Selling Used Car in Philippines, 2018
Table 7-8: Best Selling Certified Toyota Cars in Philippines as of 2018
Table 7-9: Company Profile of Nissan Intelligent Choice Including Company Overview, Location, USP, Business Strategies, Business Model, Marketing Strategy, Volume of Used Cars, Financing Option and Other Services
Table 7-10: Best Selling Pre-Owned Nissan Cars in Philippines as of 2018
Table 7-11: Company Profile of Honda Philippines Inc including Company Overview, USP, Business Strategies, Business Model, Marketing Strategy and Other Services
Table 7-12: Honda Philippines Preventive Maintenance Cost for 5 Years.
Table 7-13: Best Selling Pre-Owned Honda in Philippines as of 2018
Table 7-14: Company Profile of Hyundai Asia Resource Inc Including Company Overview, USP, Business Strategy, Other Services, No. of Employees and Number of Cars Sold
Table 7-15: Hyundai Asia Resource Inc. Dealership Location in Philippines
Table 7-16: Company Profile of Auto Deal including Company Overview, USP, Business Strategies, No. of Unique Visitors, Listing charge, Number of Dealers Associated, Recent Developments
Table 7-17: Company Profile of Car Mudi Philippines including Company Overview, USP, Business Strategies, Business Model, Marketing Strategy, Average Charge per Dealership, Revenue as of 2018 and Average Fleet of Cars Listed by Dealer at a Point of Time
Table 7-18: Company Profile of Philkotse Philippines Including Company Overview, USP, Business Strategy, Marketing Strategy, Average Number of Dealers listed, New Listings, Average Amount Paid by Dealers to List Vehicles Per Annum and Unique Visitors
Table 7-19: Company Profile of Carousell Philippines Including Company Overview, USP, Business Strategy, Vehicle Listing in 2018, Recent Development, Average Listing Charge
Table 7-20: Ranking of Top 10 Brand and Model by Most Searched Vehicles in Carousell Philippines (Olx Classifieds) in 2018
Table 7-21: Top Five Most Searched Vehicles based on Classification in Carousell Philippines (Olx Classifieds) , 2018
Table 9-1: Philippines Motor Vehicle Loan on the basis of Performing and Non-Performing Loan Portfolio in PHP Billion
Table 9-2: Depreciation Computation on New and Used Vehicle Units in PHP Million
Table 10-1 : Deviation in New and Used Car Cost of Finance in Philippines
Table 11-1: Government Regulation in Philippines Used Car Market
Table 13-1: Rationale and Description for Future Projections to Philippines Used Car Market Size on the basis of Transaction Value in PHP Billion and SalesVolume in Units, 2018-2023
Table 13-2: Rationale and Description for Future Projections to PhilippinesUsed Car Market by Organized and Unorganized Market, 2018 to 2023E
Table 13-3: Philippines Used Car Market Future Projections by Organized and Unorganized Market on the basis of Sales Volume in Units, 2018 to 2023E
Table 13-4: Rationale and Description for Philippines Used Car Market Segmentation by Type of Channel (Online and Offline Channel)in Organised Market on the basis of Sales Volume, 2018-2023E
Table 13-5: Philippines Used Car Market Segmentation by Type of Channel (Online and Offline Channel) in Organised Market on the basis of Sales Volume in Units, 2018-2023E
Table 13-6: Rationale and Description for Philippines Used Car Market Future Segmentation by Origin of Sale (Direct Dealership Sales Agent, Repossessed Units Sold By Banks and Multi Brand Dealers) on the basis of Sales Volume in Units, 2018-2023E
Table 13-7: Philippines Used Car Market Future Segmentation by Origin of Sale (Direct Dealership Sales Agent, Repossessed Units Sold By Banks and Multi Brand Dealers) on the basis of Sales Volume in Units, 2018-2023E
Table 14-1: Analyst Recommendation for Philippines Used Car Market
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