New vehicle sales in the Philippines declined by 10% to 33,696 units in January 2026 from 37,504 units in the 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 ...