Philippine vehicle sales down 8.5% in February

MANILA, Philippines — Automotive sales in the Philippines continued to slow in February, falling 8.5-percent year-on-year, with the industry bracing for further pressure from rising fuel costs driven by the Middle East conflict. READ: Philippine fuel prices ‘most expensive’ yet, as peso almost 60:$1 Joint data released on Wednesday by the Chamber of Automotive Manufacturers of the Philippines, Inc. (Campi) and the Truck Manufacturers Association showed total sales of 35,842 units in February, down from 39,164 units a year earlier. However, the February figure was higher than the 33,696 units sold in January. READ: Middle East war: global economic fallout 2-month […]... Keep on reading: Philippine vehicle sales down 8.5% in February