THE Philippine automotive industry reported a 23-percent increase in vehicle sales in the first quarter, driven by new model introductions, aggressive marketing promotions and attractive financing offers.

Passenger cars and commercial vehicles led the growth in sales, which reached 94,026 units in the first quarter compared with 76,473 units in the same period last year, according to a combined sales report released by the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and Truck Manufacturers Association (TMA) on Monday.

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