The sales of imported automobiles in the Philippines in the first three months of this year amounted to 9,055 units, or 13 percent than that the same period last year, thus creating a momentum for a double-digit growth this year, according to the country’s Association of Vehicle Importers and Distributors.
President of the association Fe Perez-Agudo said the improving economy will continue accelerating the growth of the Philippines’ auto industry, noting that in March alone, the sales of imported vehicles in the country was nearly 3,200 units, 19 percent higher than the figure recorded in February.
In 2013, the Philippine economy grew 7.2 percent, second only to China in Asia, and Agudo said the rate is sustainable and suitable to the target of 6.5-7.5 percent set by the government for this year.-VNA
President of the association Fe Perez-Agudo said the improving economy will continue accelerating the growth of the Philippines’ auto industry, noting that in March alone, the sales of imported vehicles in the country was nearly 3,200 units, 19 percent higher than the figure recorded in February.
In 2013, the Philippine economy grew 7.2 percent, second only to China in Asia, and Agudo said the rate is sustainable and suitable to the target of 6.5-7.5 percent set by the government for this year.-VNA
