Philippines remains 2nd fastest vehicle market in ASEAN

Data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation showed 63,341 motor vehicles were manufactured in the Philippines as of end-September, 35.8 percent higher than the 46,628 units in the same period last year.

AFP / Pornchai Kittiwongsakul

MANILA, Philippines — The Philippines remained the second fastest growing market for motor vehicle assembly and sales in Southeast Asia, posting double-digit growth in the nine months to September.

Data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation showed 63,341 motor vehicles were manufactured in the Philippines as of end-September, 35.8 percent higher than the 46,628 units in the same period last year.

The Philippines trailed Indonesia, which posted the highest motor vehicle output growth at 64.4 percent in the nine-month period.

Full Story: https://www.philstar.com/business/2021/11/04/2138751/philippines-remains-2nd-fastest-vehicle-market-asean