Automobile sales flat in January

The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association said in a joint report released yesterday that 8,791 units were sold last month, down by 0.2% from the same period in 2008.

“This shows continued consumer confidence in the market, though buyers are more stringent in their purchases, taking into consideration fuel efficiency, purchase price, and value for money” CAMPI Pres. Elizabeth H. Lee said in a statement.

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