Car companies are optimistic on the sustained growth of the local vehicle market with 500,000-unit sales on their radar by 2020 or even earlier.

Chamber of Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) president lawyer Rommel Rodriquez said during the September 2 press conference of the organization held at the Marriot Hotel in Pasay City that car sales for the first six months of the year reached 167,481 units, which is already half of the 370,000 units targeted this year.

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