The improved demand in various kinds of vehicles has pumped up vehicle sales, which rose 24 percent in May from the previous month, the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) reported on Thursday.

The joint statement of CAMPI and TMA said total industry sales in May stood at 33,532 units, representing a 23.8 percent improvement versus 27,089 last April.

From January to May, total industry sales are now at 167,324, lagging 12.1 percent from the 190,429 posted on the same period last 2025.

Rebound month

According to the groups, historically, May serves as a rebound month after a lean April market.

CAMPI president Jose Maria Atienza stated that focus on energy efficiency remains a major factor in the customers’ purchasing decision.

“We continue to observe expanding demand for various types of Electrified Vehicles (xEVs), with cumulative January-May sales already doubling vs. last year. xEVs now account for 18 percent of the total market, up by 9 points from the previous year. The accelerating growth trend is only held back by availability constraints resulting from the sudden surge in demand,” Atienza said.

“Meanwhile, the more stable fuel prices also helped pull up demand for conventional Internal Combustion Engine vehicles, with May ICE sales growing by 32 percent versus the previous month. Our overall market outlook has improved with actual vehicle sales performing better than previously expected despite the fuel crisis,” he added.

Toyota in the lead

Among CAMPI-TMA members, Toyota Motor Philippines Corp. leads May 2026 in terms of sales volume at 17,076 units sold.