Philippines Autos Report Q2 2014: New Research Report Available at Fast Market Research
Auto sales in the Philippines rose 17.5% year-on-year (y-o-y) in December 2013, to 17,185 units, as reported by the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and the Truck Manufacturers Association (TMA). This saw 2013 sales hit a new record of 181,283 units, an increase of 15.7%. Our bullish view on the Philippines market continues to play out in line with industry trends, given that we forecast sales to grow 14.5% in 2013.
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