Thursday 24 May 2018
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3 months ago

Car sales slowed in January

Car and truck manufacturers reported a slower sales growth in January, showing signs that the now more expensive cars have dampened consumer demand. According to joint data from the Chamber of Automotive Manufacturers of the Philippines, Inc. (Campi) and Truck Manufacturers Association (TMA), car sales of member companies in January grew by only 4 percent to 31,645 units, from the 30,425 units sold in January 2017. The latest growth figures show signs that the industry may already be feeling the impact of

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