Vehicle Sales Overview - New vehicle sales in the Philippines increased by 2% to 42,870 units in December 2025 from 42,044 units in December 2024, indicating a slight market growth despite recent slowdowns [1] - The total vehicle market for 2025 saw a minor decline to 463,646 units from 467,252 units in 2024, with commercial vehicle sales rising by 7% to 370,722 units, while passenger car sales dropped by 23% to 92,924 units [3] Market Dynamics - The Philippine vehicle market, including non-CAMPI/TMA members, grew by 3.7% to 491,395 units in 2025 from 473,842 units in 2024, showcasing resilience in the overall market despite challenges [3] - Toyota led the market with a 5% increase in sales to 229,447 units, driven by strong demand for its Hilux and Avanza/Veloz models, while other brands like Mitsubishi, Suzuki, Ford, and Nissan experienced varying sales changes [4] Electrified Vehicle Segment - Sales of electrified vehicles surged by 142% to 58,903 units in 2025, with hybrid vehicles making up approximately 90% of this total, reflecting a growing consumer interest in sustainable options [5] - The government's expansion of the EO12 zero-tariff incentive program to include hybrid vehicles has likely contributed to this significant growth in electrified vehicle sales [5] Economic Context - Economic growth in the Philippines is projected to have stabilized in Q4 2025, following a slowdown to 4.4% year-on-year in Q3, influenced by increased government spending due to severe weather-related flooding [2] - For the full year, GDP growth is estimated at 4.7%, down from 5.7% in 2024, indicating a challenging economic environment despite a reduction in the central bank's benchmark interest rate by 200 basis points to 4.50% [2] Future Projections - GlobalData forecasts a continued growth in the light vehicle market, expecting a 4% increase to 493,000 units in 2026 and a further 5% growth to 517,000 units in 2027, driven by consumer response to lower interest rates [6]

Vehicle Market Performance - New vehicle sales in the Philippines fell by almost 9% to 37,352 units in November 2025 from 40,898 units a year earlier, indicating a slowdown after three years of growth from pandemic lows [1][6] - In the first eleven months of 2025, the vehicle market declined by 1% to 420,776 units compared to 425,208 units in the same period last year, driven by a 7% rise in commercial vehicle sales to 335,859 units, while passenger vehicle sales dropped by 23% to 84,917 units [3] Economic Context - Economic growth in the Philippines slowed to 4.4% year-on-year in the third quarter of 2025, down from 5.5% in the second quarter, marking the slowest growth since 2021 [2] - Household spending growth also decelerated to 4.1% from 5.3%, despite a 200 basis points cut in the central bank's benchmark interest rate to 4.50% [2] Manufacturer Performance - Toyota reported a 4% sales increase to 205,552 units in the eleven-month period, benefiting from strong demand for its Hilux and Avanza/Veloz models; Mitsubishi Motors followed with 79,252 units (-3%); Ford saw a decline to 20,007 units (-22%); Suzuki increased sales to 19,982 units (+8%); and Nissan reported 19,225 units (-22%) [4] Electrified Vehicle Sales - Year-to-date sales of electrified vehicles reached 28,102 units, comprising 22,027 hybrid electric vehicles (HEVs), 4,261 battery electric vehicles (BEVs), and 1,814 plug-in hybrids (PHEVs) [5]

Market Overview - U.S. equity markets are expected to open strongly due to improved investor sentiment following a bipartisan deal in the Senate to end the government shutdown [1][3] - Major index futures are showing gains, with S&P 500 futures up approximately 0.7% to 0.9%, Nasdaq 100 futures up 1.2% to 1.5%, and Dow Jones futures up 0.1% to 0.4% [2][4] Economic Impact - The government shutdown, lasting 40 days, has created significant economic uncertainty, delaying crucial data releases and impacting various sectors [3] - The resolution of the shutdown is anticipated to lead to the release of delayed economic reports, including the Consumer Price Index (CPI), initial jobless claims, retail sales, and Producer Price Index (PPI) for October [5] Company Developments - Nvidia (NVDA) saw a 7% stock decline last week but is expected to recover as optimism returns to the tech sector, with CEO Jensen Huang requesting TSMC to increase chip supplies for AI technology [7] - Apple (AAPL) recently surpassed a $4 trillion market value, indicating the strength of major tech players [11] - Pfizer (PFE) has agreed to acquire Metsera for up to $10 billion, winning a bidding war against Novo Nordisk [11] - CoreWeave ([CRWV]) is set to release earnings today, with shares having more than doubled since going public, driven by deals with Nvidia and Meta [11] - Toyota Motor Corporation (TM) unveiled a new Battery Electric Vehicle (BEV) model, part of its strategy for carbon neutrality [11] - Visa (V) and Mastercard (MA) are nearing a deal with merchants that could reshape the credit card rewards landscape [11] - UPS (UPS) and FedEx (FDX) may face operational impacts due to the FAA grounding MD-11 planes following a recent crash [11] - Diageo (DEO) appointed former Tesco boss Dave Lewis as its new chief [11] - Nomad Foods (NOMD) reported lower revenue and earnings in Q3 2025, citing ongoing market headwinds [11] Upcoming Events - The week includes important economic updates, such as the German Harmonized Index of Consumer Prices (HICP) and Eurozone's Q3 GDP [6] - High-profile earnings reports are expected from companies like Cisco (CSCO), Applied Materials (AMAT), Walt Disney (DIS), and others [8]

Vehicle Market Overview - The Malaysian vehicle market saw a slight increase in August 2025, reaching 73,041 units compared to 72,580 units in August 2024, supported by improved inventories, new model launches, and aggressive dealer promotions [1] - In the first eight months of 2025, the vehicle market declined by 4% to 516,862 units from a record high of 537,532 units in the same period last year, with light passenger vehicle sales down by 3% and commercial vehicle sales down by 16% [3] Economic Context - The Malaysian economy expanded by 4.4% year-on-year in Q2 2025, maintaining similar growth from Q1, driven by strong domestic consumption [2] - The central bank cut its benchmark interest rate by 25 basis points to 2.75% in July 2025, marking its first rate cut since April 2023 [2] Electric Vehicle Segment - Battery electric vehicle (BEV) sales increased by 63% year-to-date to 23,396 units, primarily driven by BYD and its Denza brand, Proton's e.MAS7, and Tesla [4] - Total vehicle production in Malaysia fell by 9% to 493,176 units in the first eight months of 2025 [4] Company Performance - Perodua, the market leader, experienced a 2% decline in sales to 231,700 units year-to-date, slightly outperforming the overall passenger vehicle market [5] - Proton's global sales fell slightly to 100,902 units in the first eight months of 2025, with the Saga being its best-selling model [5] - UMW Toyota reported a 4% decline in sales to 62,246 units, with the Vios as its best-selling model [6]