Sales of cars in the Philippines sped faster than in other ASEAN markets
in Jan-May due to increasing demand, reported the ASEAN Automotive
Federation (AFF).
The country recorded sales of over 89,300
units of motor vehicles, a year-on-year increase of 22.4 percent, the
highest in the region.
Vietnam, Singapore, Indonesia and Malaysia enjoyed a respective sales growth of 19.6, 18.7, 6.8 and 5.7 percent.
Meanwhile, Thailand and Brunei saw a contraction of 42.2 and 0.4
percent, pulling down the region’s overall motorcycle sales by 12.7
percent to over 1.3 million units.
AFF said it is coming up with ways to facilitate regional auto market integration via stronger investment and cooperation.-VNA