Vehicle sales post steep plunge in NovBy The Manila Timeshome/Business/Top Business/Vehicle sales post steep plunge in NovDomestic vehicle sales plunged last month, dashing industry hopes that an easing of declines following a mid-year low would extend to the end of 2018. Sales in the bread-and-butter commercial vehicle segment fell by 23.7 percent to 22,061 units in November while passenger car (PC) sales dropped 22.7 percent to 9,197 units from a year earlier. Year to date, commercial vehicle sales were 11.5 percent lower at 225,746 units while the PC segment was down 20.4 percent at 99,719 units. Year to date, the carmaker also remained on top with sales of 138,476 units and a 42.55-percent market share. Reckoned from a year earlier, sales were down 16.9 percent.

Source: Manila Times December 13, 2018 22:41 UTC