Car Sales Stay Down Despite July Growth

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New vehicle sales in the Philippines rose by 6.3% in July, compared to June, according to data from the Chamber of Automotive Manufacturers of the Philippines (CAMPI). The total of 11,597 units was the highest monthly tally for the year to date. The growth can be attributed to a strong performance by the commercial vehicle segment, which accounts for around 65% of total industry sales. Segment sales were up by 3.5% from July 2008 and by 8.2% from June. CAMPI also pointed to a growing acceptance for compact cars in the market, which contributed to a 2.8% increase in passenger