RP car sales jump 24.5%

RP car sales jump 24.5%

MANILA (AFP): Philippine automobile sales rose 24.5 percent in 1996 from a year earlier, to 88,648 units, an industry association said yesterday.

The local assembler of Honda Motor Co. Ltd. of Japan was the best-selling brand, moving 20,233 units or 23 percent of the market. It was followed by the local assembler of Toyota Motor Corp. which sold 19,814 units.

The Philippine auto market is dominated by Japanese brands although South Korean and European brands have now also entered.