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Total vehicle sales for May '24 amounted to 966 units, up 8% from last month's tally. Year-to-date, nearly 5,400 vehicles were sold, with YTD volumes the highest since 2016. 45 rental agency purchases took place in the month in anticipation of the peak tourism season, though agencies will be wary of the reciprocal visa policy possibly implemented. Furthermore, the affordability of vehicles is a growing concern in the northern regions with vehicle inflation trending well above vehicle inflation in the rest of the country.