MANILA, Philippines — Vehicle importers are confident sales will continue to accelerate this year while adjusting to the impact of higher excise taxes on automobiles. “We are now adjusting to the impact, the short-run impact of the implementation,” she said. AVID sales reached 106,268 units in 2017, up 14 percent from the 93,192 units sold the previous year. The group’s fourth quarter sales, in particular, increased 24 percent to 30,336 units from 24,438 units in the same period in 2016. For the month of February alone, sales declined 3.2 percent to 26,176 units from 27,040 units in the same month last year.

Source: Philippine Star April 10, 2018 15:49 UTC