The Association of Vehicle Importers and Distributors, Inc. (AVID) maintains its pace to recovery with a 26 percent increase in sales, year-to-date (YTD), for the first nine months of 2021, recording a total of 43,957 units sold compared to the 34,980 units sold in the same period last year. Likewise, sales in September alone picked up by 26 percent compared to last month’s slump.
Passenger Cars (PC) slightly slowed down by 1 percent from 11,750 units sold in 2020 to 11,596 units this year. The PC Segment was the most hard-hit by the recent lockdown, with a year-on-year (YoY) drop of 28 percent. Nevertheless, the segment recovered from last month’s drought, growing by 36 percent. Suzuki sold 5,768 units, followed by Hyundai with 3,829 units sold.
Meanwhile, Light Commercial Vehicles (LCV) which maintained 72 percent share of AVID sales for the first nine months of this year. Year-to-date, LCV sales consistently improved by 37 percent, from 23,007 units sold in 2020 to 31,444 units sold in the same period this year. Ford consistently leads the segment with 13,258 units sold, followed by Suzuki with 8,677 units, and Geely with 3,818 units sold.
Sales in the Commercial Vehicles (CV) segment surged 311 percent year-to-date. With only two players, Hyundai captured a 98 percent share, selling 906 units from January to September 2021. This is a significant improvement from the 223 units sold in the same period last year.
“We have weathered the volatile market conditions of the third quarter. With improving health conditions and a more stable outlook, AVID is optimistic and driven to wind up this last quarter on a strong note," affirmed AVID President Ma. Fe Perez-Agudo.
Note:
- ANG – Auto Nation Group (Chrysler, Jeep, Dodge, Mercedes-Benz)
- 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)
- LMI – Legado Motors, Inc. (GAC)
- MIPI – Motor Image Pilipinas, Inc. (Subaru)
- SGAP – Sojitz G Auto Philippines (Geely)
- SMC – Scandinavian Motors Corporation (Volvo)
- SPI – Suzuki Philippines, Inc. (Suzuki)
- TAC – Triesenburg Auto Corporation (JAC, Kinglong)
- TCCCI – The Covenant Car Company, Inc. (Chevrolet)
No comments:
Post a Comment
Feel free to comment or share your views. Comments that are derogatory and/or spam will not be tolerated. We reserve the right to moderate and/or remove comments.