Philippine vehicle sales fall 10% in January [Yahoo! Finance]
Toyota Motor Corporation (TM)
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Source: Yahoo! Finance
same month last year, according to members' wholesale data released jointly by the Chamber of Automotive Manufacturers of the Philippines Inc (CAMPI) and the Truck Manufacturers Association (TMA). The market has begun to slow in the last few months, following three years of strong growth. January's market decline followed a sharp slowdown in economic growth in the country in the fourth quarter of 2025, to 3.0% year-on-year from 3.9% growth in the third quarter. This was the slowest rate of economic growth since 2021, at the height of the Covid-19 pandemic. Domestic economic activity has been affected by a high-profile infrastructure corruption scandal and by an unusually active typhoon season which brought widespread flooding and damage to key areas of the country. Consumer spending growth slowed to 3.8% year-on-year in the fourth quarter from 4.1% in the third quarter, while government spending growth slowed to 3.7% from 5.8%, and fixed investment shrank by 7.2% following growth
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