Market Report, "Philippines Autos Report Q4 2013", Published
Despite August usually being a slow month for the Philippines car market, the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and the Truck Manufacturers Association (TMA), reported 20.8% year-on-year (y-o-y) growth in vehicle sales, to 13,704 units, in the month. The latest figures demonstrate the resilience of the Philippines economy amidst the slowdown in most other Asian markets and it has been our view that the country's auto market will be a regional outperformer (see 'Philippines On Course To...
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