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Published April 20, 2021, 7:30 AM
Major motor vehicle producers and markets in ASEAN started 2021 with 13.8 percent reduction in production and 17.5 percent decline in sales in the first month of the year compared to January 2020 with the Philippines lagging behind its peers, data showed.
The ASEAN Automotive Federation (AAF) said in its report that the six major motor vehicle producing countries in the region were able to produce 288,784 units in January or 13.8 percent lower than the 335,031 units in January 2020.
In terms of sales, AAF said that 7 Asean countries have registered combined sales of 200,200 units in January this year or 17.5 percent lower than the 242,669 units in the same month last year.