SALES by vehicle importers rose 20% in October, driven by the car and light commercial vehicle (LCV) segments, the Association of Vehicle Importers and Distributors (AVID) said in a statement on Thursday.
Nov 272014
Jul 222013
MANILA, Philippines – Sales of vehicle importers declined slightly in the first semester from a year ago due to the weaker performance of passenger cars (PC). Data released yesterday by the Association of Vehicle Importers and Distributors, Inc. (AVID) showed that the group’s total sales reached 15,345 units in the January to June period, down three percent from the 15,800 units in the same period last year. This, as PC sales fell 18 percent to 7,821 units as of end-June from 9,530 units in the comparable period in the previous year. Despite the lower PC sales, the AVID’s light commercial vehicle (LCV) sales meanwhile rose 20 percent to 7,524 units in the first-half from 6,270 units a year ago. The strong LCV sales performance was driven by Motor Image Pilipinas, Inc.’s Subaru and The Covenant Car Company, Inc.’s Chevrolet brands which had compelling new offerings in the compact and mid-size sports utility vehicle categories. The LCV segment’s positive first half performance, AVID said, provided a strong cushion in tempering a supply-stricken PC category where primary movers Hyundai Asia Resources Inc. (HARI) and Chevrolet both experienced significant losses due to supply-dictated performance as well as strong external competition. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 For the month of June alone, AVID’s sales decreased 16 percent to 2,447 units from last year’s 2,912 units. The group’s PC sales declined 19 percent to 1,240 units from last year’s 1,526 units. Its LCV sales for the month of June reached 1,207 Read More …
Jun 172013
MANILA, Philippines – Vehicle importers reported a slight increase in sales in the January to May period from a year ago due to strong demand for light commercial vehicles (LCV). The Association of Vehicle Importers and Distributors, Inc. (AVID) said in a statement yesterday it sold 12,898 units as of end-May, up slightly from the 12,888 units sold in the same period last year. This was supported by the strong demand for LCVs, with 6,317 units sold, 29.3 percent higher than the 4,884 units sold in the comparable period in 2012. Passenger car (PC) sales meanwhile, reached 6,581 units as of end-May, down 17.8 percent from the previous year’s 8,004 units. For the month of May alone, AVID sales rose 16 percent to 2,615 units from 2,255 units in the same month last year. This, as LCV sales jumped 59 percent to 1,237 units from 779 units a year ago. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 PC sales however, dipped seven percent to 1,378 units from the previous year’s 1,476 units. AVID president Ma. Fe Perez-Agudo said the group remains upbeat that sales would continue to post growth for the rest of the year given the positive economic developments. “Current economic indicators signal a solid degree of optimism for the auto industry for the rest of the year. Benefitting from this current growth momentum, AVID commits to stay ahead in bringing world-class design, cutting-edge technology, and premium service to the Filipino consumers,” she said. Total vehicle sales Read More …