Vehicle Importers Say Year-To-Date Sales Even Then Downwards 3.3 Percent

The Association of Vehicle Importers together with Distributors, Inc. (AVID) began the 4th quarter of 2019 alongside 7,320 units sold inwards Oct equivalent to a five per centum attain versus the 7,000 units sold the previous month. Despite a slight dip of three per centum or 71,396 units sold year-to-date (YTD) inwards Oct compared to the same current terminal year, AVID is optimistic that the automobile industry’s functioning volition brand headway inwards the terminal ii months of the year.

“Lower inflation, involvement rates, together with fuel prices coupled alongside increased consumer spending alongside the start out of the vacation flavor could boost manufacture performance. Increased authorities spending on fundamental infrastructure projects together with the jeepney modernization plan volition farther bolster demand, peculiarly for low-cal together with heavy commercial vehicles,” AVID President Ma. atomic release 26 Perez-Agudo said.

Sales inwards the Passenger Cars (PC) segment grew yesteryear 2 per centum month-on-month (MOM) alongside 2,591 units sold inwards Oct versus September 2019. Hyundai maintains its manufacture leadership inwards this segment alongside 1,457 units sold inwards Oct alone, followed yesteryear Suzuki alongside 690 units. AVID’s YTD sales for PC dipped yesteryear three per centum alongside 25,133 units sold versus the 25,821 units sold during the same current terminal year.

As for Light Commercial Vehicles (LCV), AVID recorded a vi per centum increment inwards MOM sales alongside 4,689 units sold for the calendar month of Oct versus the 4,413 units sold inwards previous month. However, a slight dip of 4.3 per centum inwards YTD sales was recorded alongside 45,536 units sold versus the same current terminal year. Ford leads this segment alongside 16,522 units sold, followed yesteryear Hyundai alongside 12,331 units, together with Suzuki alongside 12,267 units sold since the start out of the year.

In the Commercial Vehicles (CV) segment, AVID recorded a seven per centum drib for Oct alongside twoscore units sold versus September. Overall, however, CV sales surged yesteryear 87 per centum to 727 units inwards the showtime 10 months of the twelvemonth compared to 389 units sold during the same current terminal year.

“Despite the challenges AVID faced inwards the yesteryear distich of years, the manufacture is poised to brand a potent comeback equally nosotros are poised to pace into a novel decade. Our members run yesteryear away on to innovate novel innovative models, value-packed service offerings, together with easier ownership schemes to back upwards our collective goal, which is to laissez passer Filipino consumers smarter mobility options then they tin alive the means they want,” Ms. Agudo ended.

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)
• LMI – Legado Motors, Inc. (GAC) 
• MIPI – Motor Image Pilipinas, Inc. (Subaru)
• JAIPI – JAC Automobile International Philippines (JAC)
• PGA – PGA Cars, Inc. (Audi, Bentley, Lamborghini, Porsche)
• SMC – Scandinavian Motors Corporation (Volvo)
• SPI – Suzuki Philippines, Inc. (Suzuki)
• TAC – Triesenburg Auto Corporation (Kinglong)
• TCCCI – The Covenant Car Company, Inc. (Chevrolet)