Local vehicle importers’ group regains momentum, warns of tough times ahead

AVID Logo

The local automotive industry as a whole has yet to recover from the slump brought by the lengthy quarantine, but things are getting greener, so to speak. After the manufacturers’ group reported gaining some sales traction, the local vehicle importers group is also showing positive movement.

The Association of Vehicle Importers and Distributors, Inc. (AVID) has shown an upward trend in sales for the month of June, selling a total of 3,697 units that represented a 198-percent increase from the 1,239 units sold back in May.

Despite last month's rebound, AVID President Ma. Fe Perez-Agudo said that the Philippine automotive industry might still experience slow sales volume and growth.

“While AVID members and their partner dealerships have gone to great lengths to COVID-proof their facilities, strengthen online e-commerce assets, and offer extraordinary promotions and deals to win back customers and encourage buying, headwinds remain. These include lower remittances, weaker demand, and the prospect of a second wave, so we can’t let our guard down,” Agudo explained. 

Agudo

In a statement, the group said that the 21-member strong alliance representing 26 global brands used the lockdown period to develop COVID-ready processes, structures, and systems that helped them bounce back in the second half of May.

“They say, breakdowns lead to breakthroughs and we are seeing more and more innovations in the industry, highlighted by quick, efficient, and ‘contact-less’ services that allow us to adapt and create a 'better normal' for our industry. Ultimately, these changes will be good for our customers, giving them more value for every peso spent,” the optimistic AVID president added.

However, it still remains a fact that due mainly to the suspension of work at dealerships for over two months in the first half of 2020, sales volume for the local importers dropped by 54.8 percent, from the 43,082 units sold in the first half of 2019 to 19,455 units in the same period this year.

“This is not the industry’s first crisis but it is surely the most challenging. We can’t face it alone, so we are closely working with Government and other stakeholders to help contain this pandemic while gradually reviving the industry in a safe and sustainable manner. Mobility is key to driving the economy forward and a stronger AVID, within and beyond this pandemic, will definitely play a key role,” Agudo concluded.

Hyundai Asia Resources Inc. (HARI) remains the sales leader for AVID on both year-to-date and month on-month sales, followed by Suzuki Philippines Inc. (SPI).

Photos from Association of Vehicle Importers and Distributors

Also read:

AVID Vehicle Sales on Downtrend in January 2020

Vehicle Importers Group Sales Drop by 34 Percent

AVID: YTD Vehicle Sales Still Down, but the Holiday Season Can Boost Industry Performance

 

Read All

Featured Articles

Recommended Articles For You

Read All

Featured Cars

  • Upcoming

Car Articles From Zigwheels

  • News
  • Article Feature
  • Advisory Stories
  • Road Test
  • Initial delivery of Mitsubishi Xforce HEV commences in Thailand
    Initial delivery of Mitsubishi Xforce HEV commences in Thailand
    Paulo Papa . Today
  • Subaru introduces all-new BEVs
    Subaru introduces all-new BEVs
    Ruben Manahan IV . Today
  • All-new Lexus ES to debut at Auto Shanghai 2025
    All-new Lexus ES to debut at Auto Shanghai 2025
    Paulo Papa . Today
  • DENR receives brand-new Toyota Tamaraw from TMPF
    DENR receives brand-new Toyota Tamaraw from TMPF
    Ruben Manahan IV . Today
  • Mitsubishi Motors PH shares vehicles to 3 schools
    Mitsubishi Motors PH shares vehicles to 3 schools
    Ruben Manahan IV . Today
  • Here’s what to expect on the road this Holy Week
    Here’s what to expect on the road this Holy Week
    Paulo Papa . Apr 16, 2025
  • Here are some iconic Manila churches you can check out for Visita Iglesia via the NLEX Connector
    Here are some iconic Manila churches you can check out for Visita Iglesia via the NLEX Connector
    Paulo Papa . Apr 16, 2025
  • Suzuki Dzire Hybrid: strengths and weaknesses
    Suzuki Dzire Hybrid: strengths and weaknesses
    Cesar Miguel . Apr 16, 2025
  • Here are some spiritual sanctuaries you can visit this Holy Week via SCTEX
    Here are some spiritual sanctuaries you can visit this Holy Week via SCTEX
    Paulo Papa . Apr 16, 2025
  • Here’s how Prestone can help make your Holy Week getaways safe, hassle-free
    Here’s how Prestone can help make your Holy Week getaways safe, hassle-free
    Paulo Papa . Apr 16, 2025
  • What should you visit first at MIAS 2025?
    What should you visit first at MIAS 2025?
    Cesar Miguel . Apr 11, 2025
  • Do you really need 4x4 for overlanding?
    Do you really need 4x4 for overlanding?
    Cesar Miguel . Mar 26, 2025
  • Number coding 2025: what you need to know
    Number coding 2025: what you need to know
    Paulo Papa . Mar 09, 2025
  • EVs still require lubrication, JAMA execs say
    EVs still require lubrication, JAMA execs say
    Paulo Papa . Mar 09, 2025
  • Ensure your vehicle is Summer road trip-ready by following these tips
    Ensure your vehicle is Summer road trip-ready by following these tips
    Paulo Papa . Mar 06, 2025
  • First drive: Jetour X70 Lightning i-DM
    First drive: Jetour X70 Lightning i-DM
    Paulo Papa . Apr 03, 2025
  • Changan CS15: no-fuss daily driver
    Changan CS15: no-fuss daily driver
    Cesar Miguel . Mar 27, 2025
  • First drive: Mercedes-Benz EQE 350+ AMG Line
    First drive: Mercedes-Benz EQE 350+ AMG Line
    Paulo Papa . Mar 21, 2025
  • BYD Shark 6 DMO: first impressions
    BYD Shark 6 DMO: first impressions
    Cesar Miguel . Mar 19, 2025
  • Changan Uni-T: bold and classy
    Changan Uni-T: bold and classy
    Ruben Manahan IV . Mar 14, 2025