Economy
PH Auto Sales Surge 20.6% Month-on-Month in September, Still Lagging Year-Ago Levels
The Philippine automotive market showed signs of recovery in September, with sales increasing by 20.6% from the previous month. However, sales remained 5.8% below year-ago levels due to consumer apprehension stemming from the Middle East conflict, totaling 35,722 vehicles.
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Philippine vehicle sales rebounded in September, showing an increase from August, following weather-related disruptions. However, sales remain lower compared to the same period last year. Industry groups express optimism for sustained market growth towards the year-end.