The Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) has revised its projection for the annual decline in vehicle sales this year to between five percent and eight percent, citing improvements in the Middle East situation. Previously, the forecast had been a drop of eight to ten percent.
Revised Forecast Under Review
During an interview at the opening of the four-day Philippine International Motor Show in Pasay City on Thursday, June 4, 2026, Campi President Jose Maria Atienza stated that the latest projection remains under study. He emphasized that it depends on several factors, including fuel prices and supply and demand dynamics.
Factors Influencing the Outlook
The revision comes amid a drop in global oil prices and measures to address supply chain issues, which could boost domestic car sales, according to Atienza. He noted that electric vehicles (EVs) posted sales growth of around 20 percent in May, down from 35 percent in April, due to the impact of supply chain constraints.
May Sales Performance
For all vehicle types, sales in May rose to approximately 33,000 units, up from 27,225 units in the previous month. However, this was lower than the 33,580 units sold in the same period last year. Atienza explained that the growth in May sales was tempered by supply issues, particularly affecting EVs.
“This fuel crisis is not planned. There was a big demand last March and April. We hope most of the brands are able to catch up in June, July and August,” he said, citing the drop in fuel prices as a possible boost to car sales.
