Year to date automotive sales were up 16.8 percent as of the end of November and the month itself saw a 23.8 percent surge in vehicles leaving showrooms, industry data released on Wednesday showed. For November alone, 40,799 units were sold, higher than the 32,966 recorded a year earlier. “November sales result is higher than the month of October because of increased sales of major assemblers and distributors,” CAMPI President Atty. Amid optimism for the year, prospects for 2018 have been clouded by the approval of higher excise taxes on car sales that have just been approved by Congress. Toyota Motor Philippines Corp. remained the market leader with a share of 43.82 percent, followed by Mitsubishi Motor Philippines Corp. with 17.55 percent.

Source: Manila Times December 13, 2017 18:11 UTC