Read this in The Manila Times digital edition.
Without consulting official statistics, a cursory observation of the traffic on EDSA strongly suggests that vehicle sales in the country have rebounded to pre-pandemic levels, possibly even surpassing them. The Covid-19 lockdowns emphasized the paramount importance of vehicle ownership. Remarkably, the phenomenon of "revenge shopping" extended to high-value items such as personal transportation.
With enough incentives and effective collaboration between the private sector and government,
the Philippine automotive and parts manufacturing industry has strong potential for continued
growth in the coming years. PHOTO BY BY MIKE DE JUAN