CV market demand in the Philippines continues to grow in Q2 2025
By Will Pulson - 10th October 2025
The Philippines - The market for commercial vehicles over 2 tons gvw continued to grow in the second quarter of 2025, rising by almost 7% to 30,717 units from 28,736 in the same period last year, based on data derived from various industry sources.
The Philippine economy expanded by 5.5% year-on-year in the second quarter of 2025, up from 5.4% growth in the first quarter, helped by a pickup in household spending growth to 5.5% from 5.3%, as consumers responded to the central bank’s recent rate cuts and weaker price inflation. The central bank has cut its benchmark interest rate by 25 basis points five times in the last year, to 5.25% from a peak of 6.5%, to help support domestic growth.
