Vehicle sales rose by 23.3 percent in July to 36,951 units from a year earlier and industry groups said they remained optimistic despite threats such as tax hikes sought by the government.

The Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and the Truck Manufacturers Association (TMA) said that July’s figure brought year-to-date sales to 233,115 units, up 18 percent.

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