In a statement, CAMPI says the continued increase in new car sales is driven by high market demand as well as the country’s sustained economic improvement in major sectors. This makes it highly favorable for the automotive industry and consumers alike, they said.

The steady year-on-year growth recorded in the first five months of the year gives the automotive industry a reason to be very optimistic, and that they are confident of attaining its growth forecast for the year.

Year-to-date, the CAMPI-TMA sold 166,104 units—a 31.5 percent growth compared to the same period in 2022.

In terms of brands, Toyota Motor Philippines moved the most vehicles in May with 17,866 units sold or 46.8 percent of the market. In second place is Mitsubishi Motors Philippines with 6,822 units or 17.87 percent of the monthly total. Ford Philippines is in third with 3,039 units or 7.96 percent followed by Nissan Philippines in fourth with 2,298 units or 6.02 percent. Rounding out the top five is Suzuki with a 4.22 percent market share or 1,612 units sold.

This is how every CAMPI-TMA brand stacked up last May:

1. Toyota – 17,866 units (46.8 percent)
2. Mitsubishi – 6,822 units (17.87 percent)
3. Ford – 3,039 units (7.96 percent)
4. Nissan – 2,298 units (6.02 percent)
5. Suzuki – 1,612 units (4.22 percent)
6. Honda – 1,439 units (3.77 percent)
7. Isuzu – 1,421 units (3.72 percent)
8. Hyundai – 793 units (2.08 percent)
9. Geely – 702 units (1.84 percent)
10. Foton – 394 units (1.03 percent)
11. Kia – 355 units (0.93 percent)
12. Chery – 323 units (0.85 percent)
13. Mazda – 198 units (0.52 percent)
14. Hino – 187 units (0.49 percent)
15. GAC Motor – 145 units (0.38 percent)
16. JMC – 105 units (0.28 percent)
17. BMW – 100 units (0.26 percent)
18. Mercedes-Benz – 88 units (0.23 percent)
19. Jaguar Land Rover – 74 units (0.19 percent)
20. Fuso – 71 units (0.19 percent)
21. Tata – 41 units (0.11 percent)
22. Peugeot – 28 units (0.07 percent)
23. Volkswagen – 13 units (0.03 percent)
24. Kaicene – 6 units (0.02 percent)
25. IVECO – 2 units (0.01 percent)
26. Others – 55 units (0.14 percent)

Passenger Car (PC) sales account for 25.66 percent of all new car sales in May or 9,792 units sold. Out of this number, Toyota Motor Philippines managed to corner a 49.46 percent share (4,843 units), followed by Mitsubishi Motor Philippines at 25.27 percent (2,474) and a resurgent Suzuki Auto Philippines in third at 8.49 percent (831 units). Honda Cars Philippines with 6.55 percent (641 units) and Nissan with 4.21 percent (412 units) complete the Top Five.

As for the Top 10 best-selling Passenger Car brands in May, here they are:

1. Toyota – 4,843 units (49.46 percent)
2. Mitsubishi – 2,474 units (25.27 percent)
3. Suzuki – 831 units (8.49 percent)
4. Honda – 641 units (6.55 percent)
5. Nissan – 421 units (4.21 percent)
6. Geely – 192 units (1.96 percent)
7. BMW – 100 units (1.02 percent)
8. Mercedes-Benz – 86 units (0.88 percent)
9. Mazda – 63 units (0.64 percent)
10. Kia – 50 units (0.51 percent)

Meanwhile, Commercial Vehicles (CV) cornered a 74.34 percent chunk of new car sales last month, or 28,385 units sold. Toyota Motor Philippines sold 13,023 units (45.88 percent). In second place is Mitsubishi Motors Philippines with 4,348 units (15.32 percent), while Ford is in third with 3,018 units (10.63 percent). Nissan is in fourth with 1,886 units (6.64 percent) and completing the Top Five is Isuzu with 1,421 units sold or 5.01 percent).

The Top 10 best-selling Commercial Vehicle brands last May are:

1. Toyota – 13,023 units (45.88 percent)
2. Mitsubishi – 4,348 units (15.32 percent)
3. Ford – 3,018 units (10.63 percent)
4. Nissan – 1,886 units (6.64 percent)
5. Isuzu – 1,421 units (5.01 percent)
6. Honda – 798 units (2.81 percent)
7. Hyundai – 793 units (2.79 percent)
8. Suzuki – 781 units (2.75 percent)
9. Geely – 510 units (1.80 percent)
10. Foton – 394 units (1.39 percent)