BusinessWorld E-paper
September 15, 2023
AUTOMOBILE SALES in the Philippines registered a doubledigit annual growth in August but saw a month-on-month sales decline amid elevated inflation.
A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed new vehicle sales rose by 21.6% to 36,714 units in August from 30,185 units in the same month a year ago.
