Philippines Autos Report Q4 2012 - New Market Research Report
BMI's view that new vehicle sales in the Philippines are on course for a solid recovery in 2012 is playing out, with vehicle sales growing 6% year-on-year (y-o-y), to 98,725 units, in the first eight months of 2012 (according to estimates from the Chamber of Automotive Manufacturers of The Philippines). The rise was encouraged by 6.1% y-o-y growth in the country's real GDP in H112, the introduction of new car models, improved vehicle supply conditions and sustained consumer confidence.
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