Of the total vehicles sold in May, more than 70 percent were commercial vehicles, mostly trucks. These figures indicate that first of all, the biggest part of the local automotive sector is growing. The decline in passenger car sales is also a positive indicator, but in a more indirect way. The latest figures provided by Campi and TMA show that process has begun; growth in the passenger car segment has reversed. The May data indicates that the automotive sector is headed in the right direction; the data in the coming months will show whether it is actually moving that way.

Source: Manila Times June 18, 2019 16:18 UTC