Car sales jump 25pct in Q4 2012


Posted at Jan 31 2013 03:29 PM | Updated as of Jan 31 2013 11:29 PM

MANILA, Philippines - In today's GDP report, the government said car sales expanded by 25% in the fourth quarter of 2012.

According to the Philippine Automotive Competitiveness Council (PACCI), the car manufacturing industry accounted for some 4% of the country's GDP.

It generated up to 68,000 jobs in parts and vehicle manufacturing and supported another 340,000 jobs in dealerships and other industries.

PACCI is confident its 2013 work program will help the industry grow and increase its contribution to the economy.

It adds the program will focus on the collaboration between government and the stakeholders to form an industry development plan.

In 2012, over 71,000 locally manufactured vehicles were sold in the country. - ANC