Better financing deals to boost PH car industry – BMI

Despite having one of the lowest car ownership rates in Southeast Asia, the Philippines is expected to register double-digit growth in car sales over the next three years on improved financing deals, according to the latest report of Business Monitor International (BMI) Research.

“The Philippines new passenger car market is on course for a third consecutive year of record sales, but we believe there is much more to come from a market where car ownership is way below its regional peers.