MANILA, Philippines — The country’s top vehicle seller Toyota Motor Philippines Corp. (TMPC) expects sales to rebound with a 10 percent growth next year in line with the recovery in the automotive industry. Rommel Gutierrez, first vice president at TMPC, told reporters the company’s sales are projected to grow by 10 percent by next year, the same rate as the country’s automotive sector. Vehicle sales have been on a decline this year as higher taxes imposed on vehicles under the government’s tax reform package affected consumer appetite for cars. For the previous Camry, TMPC was selling about 22 units per month. We are quite confident it will be a big hit,” Cristina Arevalo, first vice president for brand and product planning cluster marketing division at TMPC, said.

Source: Philippine Star December 20, 2018 16:30 UTC