Vehicle sales rose nearly 24 percent in May from the previous month as demand improved across various segments, according to the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA).

In a joint report released Thursday, CAMPI and TMA said total industry sales reached 33,532 units in May, up 23.8 percent from the 27,089 units sold in April.

Despite the monthly rebound, cumulative vehicle sales from January to May stood at 167,324 units, down 12.1 percent from the 190,429 units recorded during the same period in 2025.

The industry groups noted that May has historically been a recovery month following a slower market in April.

CAMPI President Jose Maria Atienza said consumers continue to prioritize energy-efficient vehicles, driving strong demand for electrified vehicles (xEVs).

"We continue to observe expanding demand for various types of Electrified Vehicles (xEVs), with cumulative Jan-May sales already doubling versus last year. xEVs now account for 18 percent of the total market, up by 9 percentage points from the previous year," Atienza said.

He noted, however, that supply constraints have limited further growth due to the rapid increase in demand.

Atienza also said more stable fuel prices helped boost sales of conventional internal combustion engine (ICE) vehicles, which grew 32 percent in May from the previous month.

"Our overall market outlook has improved, with actual vehicle sales performing better than previously expected despite the fuel crisis," he added.

Among CAMPI-TMA members, Toyota Motor Philippines Corp. remained the market leader in May with 17,076 units sold.

Mitsubishi Motors Philippines Corp. ranked second with 5,415 units, followed by Suzuki Philippines Inc. with 1,441 units, Ford Motor Company Philippines with 1,260 units, and Isuzu Philippines Corp. with 930 units.