By Beatriz Marie D. Cruz, Senior Reporter
PHILIPPINE CAR SALES declined by 19% in April as rising oil prices linked to the Middle East war continue to dampen consumer demand for gas-powered vehicles, according to a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA).
Electric vehicle (EV) sales emerged as a bright spot, nearly quadrupling in April amid growing demand for energy-efficient alternatives.
CAMPI-TMA data released on Sunday showed that vehicle sales fell by 18.9% to 27,225 units in April from the 33,580 units sold in the same month a year ago.
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