PH car sales drop 19% in April as Mideast crisis tempers demand

MANILA, Philippines – Vehicle sales in the Philippines continued to weaken in April, with the industry pinning the blame on the Middle East crisis for softening consumer demand, although that same conflict fueled a sharp rise in electric vehicle (EV) sales. A total of 27,225 units were sold in April, down 18.9 percent from 33,580 units a year earlier, based on joint data released by the Chamber of Automotive Manufacturers of the Philippines, Inc. (Campi) and Truck Manufacturers Association on Sunday. This marked a sharper deceleration than in March — the first full month after the escalation of the conflict […]...

Keep on reading: PH car sales drop 19% in April as Mideast crisis tempers demand