Domestic auto industry sales plunged by 21.7 percent in June, extending a year-to-date fall that has been blamed on higher prices due to a tax reform law.
Data released by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) placed sales for the month at 29,350 units, down from 37,479 a year earlier.
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