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Monday, January 31, 2022

Vehicle Importers Lean On LCVs To Achieve 14 Percent Growth In 2021


The Association of Vehicle Importers and Distributors, Inc. (AVID) ended 2021 with improved total sales of 58,916 units sold compared to the 51,851 units sold in the same period last year, or a 14 percent growth (YTD).


Light Commercial Vehicles (LCV) recorded the largest segment market share with 73 percent. It recorded a 23 percent increase in sales from 34,896 units in 2020 to 42,871 units sold this year. Ford consistently led the segment with 18,324 units sold, followed by Suzuki with 11,314 units, and Geely in third with 6,104 units sold.

In contrast, Passenger Cars (PC) remained affected with a 9 percent contraction in sales from 16,650 units sold in 2020 to 15,092 units in 2021. Despite the year-on-year drop of 28 percent, the segment’s month-on-month performance gradually improved by 3 percent. In the PC segment, Suzuki is in the lead with 8,079 units sold followed by Hyundai with 4,639 units sold.

With only two players in the Commercial Vehicle (CV) segment, Hyundai Trucks and Buses took the lead with 953 units sold in 2021 compared to 305 units sold in 2020.


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)

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