New vehicle sales in the Philippines increased 12.1% to 15,081 units in October, from 13,456 units in the same month of last year, according to the Chamber of Commerce and Industry (CAMPI).
CAMPI data no longer includes some key brands, such as Hyundai and Chevrolet, and some smaller volume-brands – which together account for around 15% of the market.
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Cumulative sales for the January-October period were up 7% to 26,663 units. The association put the buoyant market conditions down to continued economic growth and rising incomes, as well as normalisation of vehicle inventories after the earlier disruption due to the floods in Thailand last year.
