Vehicle production in the Philippines rose 10% in 2022, lagging growth rates posted elsewhere in Southeast Asia, according to the ASEAN Automotive Federation (AAF). READ:
VEHICLE production in the Philippines rose 10% in 2022, lagging growth rates posted elsewhere in Southeast Asia, according to the ASEAN Automotive Federation .
In December, Philippine motor vehicle production increased 57.5% to 8,085 units, making it the growth leader for the month, followed by Malaysia , Indonesia , Thailand , Vietnam , and Myanmar .Motor vehicle sales in the Philippines totaled 352,596 units in 2022, up 31.3%, topping the growth rates of Indonesia , Thailand , Myanmar , and Singapore , but behind those of Malaysia and Vietnam .In December, the Philippines sold 37,259 units, up 33.
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