1st Quarter Vehicle Sales Jump 21.6%
The Philippine automotive industry reported another record performance as it saw vehicle sales reach 62,822 units in the first quarter this year, up by 21.6 percent from 51,722 units sold a year ago.
For March alone, vehicle sales similarly rose by 22.6 percent to 23,557 units, driven largely by the steady demand in the passenger car segment, joint data from the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and Truck Manufacturers Association (TMA) showed.
Source: Philippine Daily Inquirer
