报告来源：http://www.bimarket.cn/Report/ReportInfo.aspx?Id=20080
Abstract
According to the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and the Truck Manufacturers Association (TMA), vehicle sales in the Philippines rose 19.9% year-on-year (y-o-y) in April 2014, to 18,094 units. This brought sales for the first four months of 2014 to 69,737 units, an increase of 22.1% y-o-y.
While we are maintaining our CV sales forecast for the full year, passenger car sales have been growing from strength to strength, prompting us to upgrade the segment's sales forecast. We now forecast passenger car sales to grow 22.0% versus 13.0% previously, which will revise our 2014 total vehicle sales growth forecast from 11.6% to 14.7%.
April's car sales were helped by the extension of summer promotions by automakers and we expect sales to remain strong over the course of the year, supported by the country's strong economic growth outlook. Our Country Risk team maintains its 2014 real GDP growth forecast of 6.3% despite a weaker than expected growth print posted in Q114 (see 'Still Positive Despite Disappointing Q114 GDP Print', May 30).
Table of Contents
BMI Industry View ..................................... 7
SWOT ............................................ 9
Political ................................................. 10
Economic ................................................. 11
Business Environment .......................................... 12
Industry Forecast ...................................... 13
Table: Autos Total Market - Historical Data And Forecasts (Philippines 2012-2018) ........... 13
Table: Passenger Car Market - Historical Data And Forecasts (Philippines 2012-2018) . . . . . 13
Table: Commercial Vehicle Market - Historical Data And Forecasts (Philippines 2012-2018) . . . 14
Table: Motorcycle Market - Historical Data And Forecasts (Philippines 2012-2018) ............. 14
Macroeconomic Forecast ................................ 22
Investment To Continue Its Charge .................................... 22
Likely Recovery In The Export Sector ................................... 24
Typhoon Yolanda To Spur Public Spending ................................. 25
Remittances Supporting Private Consumption Growth ............................ 25
Risks To Economic Outlook ........................................ 26
Table: Philippines - Economic Activity . . . . . . . . . . . . . . 27
Industry Risk/Reward Ratings ............................... 28
Table: BMI Industry Risk/Reward Ratings - Asia-Pacific Autos . . . . . . . . . . . . 31
Competitive Landscape .................................. 32
Passenger Cars ............................................. 32
Table: Top 10 Carmakers In Philippines By Sales In 2013 (Including AVID Members) . . . . . . 32
Industry News .............................................. 34
Commercial Vehicles .......................................... 36
Table: Philippines Commercial Vehicles - Production & Sales, 2012-2018 . . . . . . . . . . . 36
Motorcycles .............................................. 37
Company Profile ...................................... 38
Company Monitor ............................................ 38
Toyota Motor Philippines (TMP) ...................................... 42
Honda Cars Philippines (HCP) ...................................... 43
Regional Overview .................................... 44
Asia Regional Overview .......................................... 44
Table: Vehicle Sales March 2014 (Cbus) . . . . . . . . . . . . . . . 44
Global Industry Overview .................................. 49
Table: Passenger Car Sales March 2014 . . . . . . . . . . . . . . . 49
European Growth Gathers Momentum ................................... 49
Japan Prepares For Tax Fallout ..................................... 51
China Wobble Adds To BRIC Weakness ................................... 52
Demographic Forecast ................................... 55
Demographic Outlook .......................................... 55
Table: The Philippines' Population By Age Group, 1990-2020 ('000) . . . . . . . . . . . . . . 56
Table: The Philippines' Population By Age Group, 1990-2020 (% of total) . . . . . . . . . . . 57
Table: The Philippines' Key Population Ratios, 1990-2020 . . . . . . . . . . . . . 58
Table: The Philippines' Rural And Urban Population, 1990-2020 .......................... 58
Methodology ........................................ 59
Industry Forecasts ............................................ 59
Sector-Specific Methodology ........................................ 60
Sources ................................................ 60
Risk/Reward Ratings Methodology .................................... 61
Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators . . . . . . . . . 62
报告来源：http://www.bimarket.cn/Report/ReportInfo.aspx?Id=20080