The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) has trimmed its outlook for the domestic vehicle market, now expecting sales to decline by 5 to 8 percent in 2026 instead of the earlier forecast of an 8 to 10 percent drop.
CAMPI President Jose Maria Atienza said the revision reflects signs of easing market pressures and expectations that vehicle supply, particularly for electrified models, will improve in the coming months.
“May sales were slightly higher than April, with industry volumes estimated at around 33,000 units,” Atienza said. “What we saw is there’s a big dip because of supply, especially for electrified vehicles.”
Vehicle sales in May remained about 20 percent below year-earlier levels, but CAMPI said the weakness was largely supply-driven rather than a collapse in demand.
Atienza noted that electrified vehicles accounted for roughly 35 percent of total sales in April but fell to around 20 percent in May due to shortages across multiple brands.
“The decline in electrified vehicle penetration reflects supply chain constraints, not weakening consumer interest,” he said.
CAMPI expects conditions to improve between June and August as shipments normalize and dealer inventories recover. The group also said stable fuel prices could help support consumer confidence and vehicle purchases.
Despite the near-term slowdown, CAMPI remains upbeat on the long-term outlook for electrified vehicles, citing rising demand for fuel-efficient models and a growing range of available products.
“It’s a good time for electrified vehicles. The trend is clearly upward,” Atienza said.
The industry group said its final 2026 projections remain under review and will depend on the pace of supply recovery, changes in product mix, and broader economic conditions.
