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Business May 25, 2026

UMVA Uncovers: Philippines Auto Market CRASHES in April as Oil Prices GO THROUGH THE ROOF!

UMVA Uncovers: Philippines Auto Market CRASHES in April as Oil Prices GO THROUGH THE ROOF!

UMVA has learned that Philippine car sales plummeted by 19% in April, as the ongoing war in the Middle East drove oil prices to record highs, severely dampening consumer demand for gas-guzzling vehicles.

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