THE Philippine automotive industry ended 2016 on a high note, with a 24.6 percent increase in the number of vehicles sold compared to the previous year, as sustained economic growth and various events and promotions continued to drive consumer demand.
In a joint report released on Tuesday, the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) and the Truck Manufacturers Association (TMA) said their members sold a total of 359,572 units in 2016, up from the 288,609 units registered in 2015.
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