The Association of Vehicle Importers and Distributors, Inc. (AVID) tallied sales up by 55% in the first half of 2021.
The Association of Vehicle Importers and Distributors, Inc. (AVID) tallied sales up by 55% in the first half of 2021. Automotive giants’ Ford, Hyundai, and Suzuki remain to be consumer’s top choice of brands in the Philippines.
Light Commercial Vehicles (LCV) Segment
Ford continues to dominate the Light Commercial Vehicles (LCV). It maintains its lead with an impressive sales of 9,096 LCV units sold, followed by Suzuki with 6,038 units, and Hyundai with 2,837 units sold. It strengthens AVID’s performance accounting for 72% of its total output.
Commercial Vehicles (CV) segment
Hyundai remains strong in the Commercial Vehicles (CV) segment. It climbed AVID’s pillar of growth with total sales surging by 456% (YTD). The Korean brand made 759 units sold (YTD) this period which is at par with the 137 units sold in the same period last 2020. In addition, it plays its prime spot as No. 1 and No. 4 in the bus and the trucks segment respectively.
Passenger Cars (PC) segment
On the other hand, Suzuki is steadfast in the Passenger Cars (PC) segment. It keeps the top spot with 3,949 units sold, followed by 2,567 units sold by Hyundai. An improvement performance was recorded by 26% from 6,128 units in 2020 to 7,707 units in 2021. This is a projection on year-on-year curve growth of 13% in June with 1,350 units
sold this year as compared to last years’ 1,200 units.
“It has been an uphill struggle for the automotive industry, more so among importers, but the recent numbers are encouraging. As our nation progresses towards achieving herd immunity, the automotive industry has proven resilient and poised to emerge stronger than ever. With better prospects ahead, we will continue to give our best to ensure the complete recovery of the industry. This much, we owe the Filipino people.”
– Ma. Fe Perez-Agudo, AVID President
Above all, continue to follow AVIDS’s car sales statistics at Lifestyle On Wheels, CarSide News Facebook, and Instagram. Watch it on our Youtube Channel and of course, on our broadcast TV Pinoy Xtreme Channel. And also, read more stories on our website.
ARTICLE: ALEX A SOURCE: AVID PRODUCTION: J AD MEDIA
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