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Philippines posts strongest growth in car production and sales among ASEAN countries in 2023
Reported on February 3, 2024, the Association of Southeast Asian Nations Automotive Federation (AAF) showed that in 2023, the Philippines’ motor vehicle production grew the fastest (among the AAF-tracked ASEAN countries), with a 19.7% increase YoY as production reached 110,350 units (up from 92,223 units in 2022).
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