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Sales of imported cars surge in first five months of 2021

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Sales of imported motor vehicles recorded a 59 percent surge in the first five months of the year to 25,217 units sold in 2021 From 15,811 units sold in the same period in 2020

The Association of Vehicle Importers and Distributors, Inc. (AVID) reported that sales in May contributed 4,864 units or 8 percent higher than the 4,496 units in the previous month.

Sales also a huge 293 percent from 1,239 units sold in May 2020 to 4,864 units in the said month this year.

The Commercial Vehicles (CV) segment remains the growth driver with a 625 percent boost in the year to date sales, spearheaded by Hyundai with 101 unit sold last year to 731 units sold this year. The Passenger Cars (PC) segment had a more positive outcome compared to the past months, with a 29 percent rise year to date from 4,928 to 6,357 units sold. The May 2021 figures showed significant improvement, with sales almost quadrupling from 354 units sold in May 2020 to 1,029 units in May this year. This massive sales hike can be attributed to the gradual re-opening of the economy and less restrictive quarantine measures. Suzuki remains at topnotch in the PC Segment with a total of 3,259 units; followed by Hyundai with 2,170 PC unit sales year to date.

In the light commercial vehicle (LCV) segment, AVID reported a 68 percent gain year to date, from last year’s 10,782 units to the 18,128 units sold in the same period this year. Ford dominates the segment with 7,692 units sold. Suzuki holds second place with 4,933 units and, not too far behind, Hyundai at third with 2,450 units sold.

“We attribute the gradual improvement in AVID sales to our members’ tireless commitment to provide customers with quality vehicles and after sales service that will see them safely through life’s many journeys. We all must keep on pitching in to weather this storm and to bring us all closer to our dreams in the New Normal,” said AVID President Ma. Fe PerezAgudo.

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Credit belongs to : www.mb.com.ph

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