The Philippines used car market was valued at USD 690.10 Million in 2025. The market is further projected to grow at a CAGR of 6.30% between 2026 and 2035, reaching a value of USD 1271.29 Million by 2035.
Base Year
Historical Period
Forecast Period
As per industry reports, on an average, approximately 5.6 tonnes of CO2 is released during a petrol or diesel car's production. Rising eco-consciousness thus aids the demand for second-hand cars in the country.
Prominent online companies selling used cars in the Philippines include Automart.Ph, Autodeal, Carmudi, and Philkotse.
Compound Annual Growth Rate
6.3%
Value in USD Million
2026-2035
*this image is indicative*
There is a rising demand for used cars owing to the financial benefits it offers consumers. Further, new cars depreciate faster than used cars, aiding the market growth. For instance, a new car depreciates 20-30% as soon as the owner drives it off the dealership. In the first three years, it further depreciates by up to 50%. Since the previous owner has already taken the brunt of the depreciation, it is significantly beneficial to second-hand car buyers. Brands, such as Toyota, Isuzu, and Mitsubishi are known for reliability and low maintenance costs. These cars have great resale value and work efficiently.
Additionally, the government is encouraging the purchase of second-hand cars as it recognises the importance of sustainable driving. The government has implemented several initiatives and policies to stimulate the adoption of used cars. For instance, secondhand cars are exempt from the Tax Reform for Acceleration and Inclusion (TRAIN) Act which is expected to aid their adoption. Further, incentives for purchasing used vehicles and the growing demand for private transportation aid the market growth. Additionally, buying a used car helps eliminate the carbon emissions that would otherwise be released in manufacturing a new car.
"Philippines Used Car Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments.
Market Breakup by Vehicle Type
Market Breakup by Body Type
Market Breakup by Sales Channel
Based on body type, SUVs occupy a significant share in the market due to their huge space and versatility. SUVs are affordable for families who need more cargo space and higher ground clearance.
Sedans are a popular option for many people because they provide a good mix of space, comfort, and fuel efficiency. To meet a variety of demands, they are offered in sizes ranging from compact to full-size. In addition, they are typically utilised for family mobility and everyday commute.
The key players in the used car market in Philippines are providing customers with a range of second-hand cars at reasonable prices.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the used car market reached an approximate value of USD 690.10 Million.
The market is expected to grow at a CAGR of 6.30% between 2026 and 2035.
The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach USD 1271.29 Million by 2035.
443 or the Used Car Lemon Act of the Philippines aims to protect the rights of consumers when it comes to the sale of second-hand motor vehicles and covers any defects or safety issues that can harm individuals.
Popular car brands in the Philippines include Toyota and Mitsubishi owing to their quality, durability, and reliability and a wide dealership network.
The major drivers of the market include rising demand for used cars to enhance the sustainability of the transportation sector, lower costs and depreciation of used cars, and the presence of large dealerships selling used cars.
Key trends aiding market expansion include the rising demand for used cars as they are more environmentally friendly, rising demand for private transportation and favourable government policies.
The vehicle types of used cars are hybrid, conventional, and electric.
Key players in the market are CardekhoSEA (Carmudi), Carousell Pte. Ltd, CarMax Enterprise Services, LLC, LausGroup Holdings, Inc., Toyota Motor Corp., QMarketz (Automart), Maxspeed Autoportal Inc., Tsikot.com, Car Empire, The SirQo Group, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Vehicle Type |
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| Breakup by Body Type |
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| Breakup by Sales Channel |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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