MANILA, Philippines — Local vehicle assemblers registered a 15 percent decline in sales in January from a year ago on continued weak demand for cars. Both the passenger car (PC) and commercial vehicle (CV) segments posted lower year-on-year sales in January. In particular, PC sales decreased 13.3 percent to 8,487 units in January from the previous year’s 9,790 units. CV sales also slid 15.8 percent to 18,401 units in January from 21,855 units a year ago. By company, Toyota Motor Philippines Corp. maintained its position as the market leader with a 42.23 percent share in January.

Source: Philippine Star February 19, 2019 16:01 UTC