MANILA, Philippines — Car importers saw their sales slightly go up month-on-month in February, with the industry banking on further economic reopening to sustain a delicate rebound amid headwinds from hefty shipment duties. What's newA total of 5,401 imported cars were sold in February, up 3% from the preceding month, data released Wednesday by the Association of Vehicle Importers and Distributors Inc. (AVID), an industry group, showed. Related Stories Car sales accelerate, but tariffs still a speed bumpBut on a year-on-year basis, car sales plummeted 15%. In the first 2 months of 2021, car importers sold 10,663 units, still down 10% from year-ago levels. Over 70% of cars sold in the Philippines are already imported from countries like Thailand and Japan.

Source: Philippine Star March 24, 2021 09:56 UTC