PHILIPPINE automotive sales grew by 7.6% in March as steady commercial vehicle sales offset a double-digit slump in sales of passenger cars, an industry report showed.
A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed new vehicle sales increased to 40,306 units in March from 37,474 units in the same month a year ago.
Month on month, car sales also grew 2.9% from 39,164 units sold in February.
“Vehicle sales continued to grow but already started to normalize on a year-to-date basis, closer or similar to gross domestic product growth of about 6% for 2025,” Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.
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