Philippines is the 46th largest economy in the world. The country have developing economy as a result the used car market started late, but develops faster. Japan is the major trading partner of Philippines. The country is one of the major importers of Japanese used cars. Along with Japan, Philippines import used cars also from Korea. The automobile sector of the country is growing, with the growing infrastructure, road network and political stability. The country prefer to import used vehicles from Japan as depreciation of these vehicles are much less than that of vehicles manufactured by other automakers. They are known for more dependability and reliability.
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