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Philippine auto sales surge as bigger SE Asia markets falter

2015-09-17 09:22:47| Auto Dealers - Topix.net

Once a backwater in Southeast Asian auto markets, the Philippines is now heading for a third straight year of record auto sales on strong consumer spending and easy financing while weak economic growth squeezes once-buoyant neighbours. Data from the Chamber of Automotive Manufacturers of the Philippines Inc points to sales of 310,000 vehicles this year, up nearly a third from last year - and roughly double the tally in 2012.

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