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Friday, August 20, 2021

Vehicle Importers Record A 43 Percent Recovery In YTD 2021 Sales


Sales of the Association of Vehicle Importers and Distributors, Inc. (AVID) saw an increase of 43 percent Year-to-Date (YTD) in the first seven months of 2021. The Association recorded total sales of 35,092 units compared to 24,610 units sold in the same period last year. These results mirror that of vehicle manufacturers.

July though experienced a slight contraction of 5 percent from 5,101 units sold last year to 4,862 units this year, and a 2 percent dip from the 4,961 units recorded from the previous month.

Light Commercial Vehicles (LCV) hold the lion’s share with 72 percent of total industry sales. LCV sales surged by 52 percent in the first seven months of 2021 from 16,561 units in the first seven month of 2020 to 25,127 units sold in the same period this year. Ford continues to lead the segment with 10,343 units sold; Suzuki with 7,076 units; and while Hyundai with 3,177 units sold.

Meanwhile, the Passenger Cars (PC) segment sales continue its climb with a 15 percent growth from 7,893 units sold in 2020 to 9,110 units year-to-date. That said, PC Segment vehicles experienced a year-on-year drop of 27 percent, and month-on-month decline of 5 percent. Suzuki still leads the segment with 4,559 units sold. Coming in second is Hyundai with 2,979 units sold.

In terms of percentage, Commercial Vehicles (CV) had the highest growth rate—448 percent YTD. However, the brand only contributed a total of 855-unit sales, 852 coming from Hyundai and three from Mercedes-Benz.

“The gradual adaptation of the automotive industry to ‘now normal’ operations is mainly driven by the valuable lessons gathered and learned over the course of the period. These lessons fuel our passion for developing new and innovative ways to addressing the needs of the market. And AVID is determined to pave the way towards recovery,” said AVID President Ma. Fe Perez-Agudo.

Check out the full breakdown below:


Legend:
  • 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)

1 comment:

  1. Tunkx for d complet info. Hari sales stil nosediving...it has 4 svral yers already n wil go on dat way unles they change der way of overpricing n stripping to d bones der products of features. d even sell accent wd out erbags...only in ph

    ReplyDelete

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