Commercial Vehicles Segment Takes the Lead!

AVID Sales Inch Their Way Up in Q1, CV Segment Takes the Lead

LIFESTYLE ON WHEELS | CARSIDE NEWS | ON THE NEWS

The Association of Vehicle Importers and Distributors, Inc. (AVID) recorded a 9% increase in sales with 15,857 units sold since the start of 2021 versus the 14,554 units sold in the same period last year. In March 2021 alone, sales went up by 95% with 5,193 units sold versus the 2,663 units reported in March 2020.

COMMERCIAL VEHICLESQ1 2021Q1 2020
HYUNDAI418 UNITS SOLD92 UNITS SOLD
Commercial Vehicles (CV) with 9% increase

The Commercial Vehicles (CV) segment took the lion’s share with 354% growth in YTD sales, led by Hyundai with 418 units sold versus the 92 sold in 2020.

SUZUKI2,067 UNITS SOLD
HYUNDAI1,484 UNITS SOLD
Passenger Cars (PC) with 7% decrease

Passenger Cars (PC) felt the overall pinch with a 7% decrease, or 4,241 units sold compared with the 4,567 in the same period last year. Nevertheless, the March 2021 figures are a marked improvement, growing by 34% from 1,026 units sold at the height of the lockdowns in March 2020 to 1372 units sold in March this year. Suzuki still holds the top spot with a total of 2,067 units, followed by Hyundai with 1,484 units sold since the start of the year.

FORD4,786 UNITS SOLD
SUZUKI1,780 UNITS SOLD
Light Commercial Vehicles (LCV) recorded 13% increase

In the Light Commercial Vehicles (LCV) segment, AVID recorded a 13% increase from 9,895 units sold last year to 11,198 units sold in the same period this year. Ford continues to be the top contributor in this segment with 4,786 units sold while Suzuki holds the second place with 2,628 units, closely followed by Hyundai with 1,780 units sold.

“The slow uptick of PC is a result of continued low consumer confidence. But let us not discount the commendable performances of LCV and CV, and the hardworking teams that drive them. We see these two segments as our industry’s lifesavers as they lend indispensable support to the country’s revitalized infrastructure development programs.”

Ma. Fe Perez-Agudo, AVID President

Source: AVID Production: J AD Media

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