PH passenger car sales to post ‘mild recovery’

By Lisbet K. Esmael

Dec 07, 2018 12:22 am

Passenger car sales in the Philippines could post a slight rebound next year but inflation and a weak peso will continue to dampen consumer spending, a Fitch Group unit said Thursday.

In a report, Fitch Solutions said it expected a “mild recovery” in 2019 with sales likely to inch up by 3.2 percent or around 120,000 units.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.