CVs Continue To Drive Auto Sector Growth

New vehicle sales in the Philippines have shown a bounce back to strong growth, rising 35.5% year-on-year (y-o-y), to 38,709 units. The commercial vehicle (CV) segment is still the driving force of the sector, with the largest market share and strongest growth in the sector, which is a sign of improved consumer confidence, particularly for businesses, according to the country's trade

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