Data released by the Chamber of Automotive Manufacturers of the Philippines Inc., or Campi, showed that vehicle sales in the Philippines surged 26% in January over last year to 6,960 units.
The rise was due to particularly strong sales of SUVs and other utility vehicles.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Sales of commercial vehicles jumped 46% over last year to 5,106 units, while sales of cars declined 3.6% to 1,854 units.
Analysts said that the market was also pushed by aggressive financing deals, especially by market leader Toyota.
