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Philippines leads ASEAN in car sales

Sales of cars in the Philippines sped faster than in other ASEAN markets in Jan-May due to increasing demand, reported the ASEAN Automotive Federation (AFF).
Sales of cars in the Philippines sped faster than in other ASEAN marketsin Jan-May due to increasing demand, reported the ASEAN AutomotiveFederation (AFF).

The country recorded sales of over 89,300units of motor vehicles, a year-on-year increase of 22.4 percent, thehighest in the region.

Vietnam, Singapore, Indonesia and Malaysia enjoyed a respective sales growth of 19.6, 18.7, 6.8 and 5.7 percent.

Meanwhile, Thailand and Brunei saw a contraction of 42.2 and 0.4percent, pulling down the region’s overall motorcycle sales by 12.7percent to over 1.3 million units.

AFF said it is coming up with ways to facilitate regional auto market integration via stronger investment and cooperation.-VNA
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