PH vehicle sales hit record high in 2023

MANILA,  Philippines  —Vehicle sales revved up by 21.9 percent last year to a record high 429,807 units, beating the industry’s revised annual sales target of 423,000 as well as their prepandemic sales level. In December alone, sales of new vehicles increased by 5.1 percent, marking 12 straight months of growth in 2023. A joint report
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