Wednesday, October 14, 2020

Vehicle Importers, Distributors See 212 Percent Sales Growth in Q3


The Association of Vehicle Importers and Distributors, Inc. (AVID) reports a 212 percent increase in sales, from 4,955 units sold in the second quarter of the year to 15,471 units sold in the third quarter.

Rapid digital transformation, best value promotions, and stringent health and safety protocols in automotive facilities nationwide are major factors in the recovery of consumer confidence.

The Passenger Cars (PC) segment grew by 260 percent in quarter-on-quarter sales with 5,622 units sold in Q3 versus the 1,561 units sold in Q2. Demand for sedans remain as consumers are looking for safe and affordable personal mobility. Hyundai, the top contributor of passenger cars, reported a total of 6,244 units since the beginning of 2020 followed by Suzuki with 4,069 units, and Ford with 825 units sold.

In the Light Commercial Vehicles (LCV) segment, AVID recorded a 192 percent growth in quarter-on-quarter sales with 9,763 units sold versus the 3,349 units the previous quarter. Ford leads this segment with 8,539 units sold while Suzuki holds second place with 6,422 units followed by Hyundai with 5,879 units sold since the start of the year.

In the Commercial Vehicles (CV) segment, AVID recorded 91 percent growth in the 3rdquarter with 86 units sold.

Year-to-Date (YTD) September sales, however, dropped by 45.6 percent, from 64,274 units sold in 2019 to 34,977 units in the same period this year.


Editor’s Note:
  • ANG – Auto Nation Group (Chrysler, Jeep, Dodge, Mercedes-Benz)
  • BBAI – British Bespoke Automobiles, Inc. (Rolls-Royce)
  • BUAI – British United Automobiles, Inc. (Lotus, MINI)
  • DMI – DBPHILS Motorsports, Inc. (Aston Martin)
  • FGPI – Ford Group Philippines, Inc. (Ford)
  • HARI – Hyundai Asia Resources, Inc. (Hyundai)
  • JAIPI – JAC Automobile International Philippines (JAC)
  • LMI – Legado Motors, Inc. (GAC)
  • MIPI – Motor Image Pilipinas, Inc. (Subaru)
  • PGA – PGA Cars, Inc. (Audi, Bentley, Lamborghini, Porsche)
  • SGAP – Sojitz G Auto Philippines (Geely)
  • SMC – Scandinavian Motors Corporation (Volvo)
  • SPI – Suzuki Philippines, Inc. (Suzuki)
  • TAC – Triesenburg Auto Corporation (Kinglong)
  • TCCCI – The Covenant Car Company, Inc. (Chevrolet)

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