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Philippines’ auto sales increase in QI

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.
The sales of imported automobiles in the Philippines in the firstthree months of this year amounted to 9,055 units, or 13 percent thanthat the same period last year, thus creating a momentum for adouble-digit growth this year, according to the country’s Association ofVehicle Importers and Distributors.

President of theassociation Fe Perez-Agudo said the improving economy will continueaccelerating the growth of the Philippines’ auto industry, noting thatin March alone, the sales of imported vehicles in the country was nearly3,200 units, 19 percent higher than the figure recorded in February.

In 2013, the Philippine economy grew 7.2 percent, second only to Chinain Asia, and Agudo said the rate is sustainable and suitable to thetarget of 6.5-7.5 percent set by the government for this year.-VNA
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