Car Sales Up in January

Car sales registered a 27.8 percent increase to 30,425 units in January from 23,808 units in the same month in 2016. Toyota Motor Philippines maintained its dominant position in the market with a 47.8 percent share, followed by Mitsubishi Motor Philippines with 16.24 percent. The two are part of the government’s Comprehensive Automotive Resurgence Strategy program. Automotive players, however, are jittery with the planned hike in excise…

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