Philippines May 2014: Toyota nails 40% of market up 23%

1 in every 2.5 cars sold in the Philippines this month is a Toyota.

* See the Top 20 best-selling brands by clicking on the title! Thanks Myk *

The Pinoy new car market continues all guns blazing with another 23.5% year-on-year increase in May to 22,815 registrations, making 2014 on track for another record year. Toyota is more than ever on fire, doubling the market growth rate at +47% to reach an unbelievable and round 40% market share thanks to 9,132 sales. Mitsubishi remains in 2nd place but gains only 1% to 4,120 units and 18.1% share, while Hyundai is up 23% to 9.2%, Ford up 39% to 7.5%, Kia and Chevrolet both up 43% and Mazda up 122%. Ford and Chevy are the only non-Asian brands in the Top 13!

Previous post: Philippines March 2014: Toyota up 38% to just under 40% share

Previous year: Philippines Full Year 2013: Toyota and Mitsubishi top record market

Full May 2014 Top 20 brands Ranking Table below.