Philippine auto sales down 11% in H1

MANILA, Philippines — Philippine vehicle sales extended their slump in June, falling 8 percent year-on-year to 37,231 units, even as stabilizing fuel prices and improving supply helped the market rebound from the previous month. This brought the total automotive sales to 204,557 units as of the first half, down by 11.4 percent from 230,912 in the same period last year, based on data released on Thursday by the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and Truck Manufacturers Association Inc. READ: Auto sales picked up in May on steadier fuel prices In June alone, sales rose 11 percent […]...

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