PH vehicle importers ramps up Q3 2020 sales

Ma. Fe Perez-Agudo

The vehicle importers group in the Philippines enjoyed a stellar sales performance for the third quarter, enjoying a 212-percent increase  compared to the previous quarter.

Based on the report of the Association of Vehicle Importers and Distributors, Inc. (AVID), vehicle sales skyrocketed to 15,471 units sold in the third quarter as compared to the 4,955-sales volume it made in the second quarter.

AVID President Ma. Fe Perez-Agudo attributed the voluminous growth to the fast-paced digital transformation, value promotions, and stringent health and safety protocols in automotive facilities nationwide—resulting in the recovery of consumer confidence.

 “We had to restore consumer confidence quickly and decisively so the auto industry could get back on track and bounce back strong. We aim to sustain this momentum till the last quarter of the year as we continue to reinvent ourselves, innovate, and capture our customer’s imagination. This will put us in a great position as we start afresh in 2021,” the AVID President explained.

Agudo

For the said period, sales for the Passenger Cars (PC) segment jacked up by 260 percent with 5,622 units sold in third quarter against the 1,561 units sold in second quarter. The top three contributors for the segment are Hyundai with a total of 6,244 units since the beginning of 2020, followed by Suzuki with 4,069 units and Ford with 825 units rolled out.

Meanwhile Light Commercial Vehicles (LCV) segment sales recorded a 192-percent growth in quarter-on-quarter sales with 9,763 units sold in comparison to the 3,349 units delivered in Q2 2020. Rallying the sales for the sector is Ford with 8,539 units sold, then Suzuki with 6,422 units. At close third is Hyundai with 5,879 units sold since the start of the year.

Further, Commercial Vehicles (CV) sales for the vehicle importers saw a 91-percent jump growth in the 3rdquarter with 86 units sold. The gradual reopening of the economy and resumption of key government projects is seen to spur more demand for commercial vehicles.

AVID Logo

However, just like the rest of the industry that continues to be hampered by COVID-19 restrictions, the year-to-date for the first nine months of the year is still down by 45.6 percent, selling only 34,977 units, unlike the 64,274 units sold in 2019 for the same period this year.

 “There will never be a return to business as usual," Agudo noted. "We are redefining the industry’s new normal—call it a better normal. Even if the customer journey has radically changed, one thing remains constant for us: the commitment to give our customers the premium value, care, and attention that they deserve, in and beyond pandemic times."

Back in the first quarter, AVID suffered a massive decline in sales, only reaching 14,404 units delivered, which represented a 34.4 percent drop for the first quarter of the 2020.

Photo/s from Association of Vehicle Importers and Distributors

Also read:

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

Vehicle Importers Ready for Dealership Ops in GCQ

PH vehicle importers suffer decline on “Ghost month” 2020

Read All

Featured Articles

Recommended Articles For You

Read All

Featured Cars

  • Upcoming

Car Articles From Zigwheels

  • News
  • Article Feature
  • Advisory Stories
  • Road Test
  • Grab PH, Move It partners hand over goods to Typhoon Kristine-affected areas
    Grab PH, Move It partners hand over goods to Typhoon Kristine-affected areas
    Cesar Miguel . Today
  • Oil firms to conduct mix price adjustments this week
    Oil firms to conduct mix price adjustments this week
    Ruben Manahan IV . Nov 04, 2024
  • Toyota conducts trial run for Hilux BEV prototype
    Toyota conducts trial run for Hilux BEV prototype
    Cesar Miguel . Nov 04, 2024
  • 9th PIMS: Honda Cars PH launches new leasing program
    9th PIMS: Honda Cars PH launches new leasing program
    Cesar Miguel . Nov 04, 2024
  • Porsche 911 Carrera T now available in coupe, cabriolet options
    Porsche 911 Carrera T now available in coupe, cabriolet options
    Ruben Manahan IV . Nov 04, 2024
  • GWM Ora 3: strengths and weaknesses
    GWM Ora 3: strengths and weaknesses
    Cesar Miguel . Nov 04, 2024
  • Spooky journeys: scariest places to drive in PH
    Spooky journeys: scariest places to drive in PH
    Paulo Papa . Oct 31, 2024
  • 5 scary things owners can find in their car
    5 scary things owners can find in their car
    Cesar Miguel . Oct 31, 2024
  • Let’s take a peek inside the Hyundai Ioniq 5 N
    Let’s take a peek inside the Hyundai Ioniq 5 N
    Cesar Miguel . Oct 30, 2024
  • 9th PIMS: Aftermarket products are a-plenty
    9th PIMS: Aftermarket products are a-plenty
    Cesar Miguel . Oct 29, 2024
  • Here are some ideal destinations and safety tips for the upcoming Holy Week
    Here are some ideal destinations and safety tips for the upcoming Holy Week
    Paulo Papa . Mar 08, 2024
  • Here are some New Year’s resolutions for car owners
    Here are some New Year’s resolutions for car owners
    Paulo Papa . Jan 03, 2024
  • PH auto market: 2023 in retrospect
    PH auto market: 2023 in retrospect
    Paulo Papa . Dec 15, 2023
  • Here’s a holiday gift guide for car enthusiasts
    Here’s a holiday gift guide for car enthusiasts
    Hazel Nicole Carreon . Dec 15, 2023
  • Oil players cut pump prices anew
    Oil players cut pump prices anew
    Paulo Papa . Nov 14, 2023
  • Toyota Corolla Cross H2 Concept: what we have learned so far
    Toyota Corolla Cross H2 Concept: what we have learned so far
    Ruben Manahan IV . Today
  • MG 3 Hybrid Plus: Quick and practical
    MG 3 Hybrid Plus: Quick and practical
    Cesar Miguel . Oct 31, 2024
  • Toyota Avanza G CVT: Dashingly dependable
    Toyota Avanza G CVT: Dashingly dependable
    Paulo Papa . Oct 14, 2024
  • 2022 Honda Civic RS Turbo CVT Honda SENSING: one of sedan segment's major thrusters
    2022 Honda Civic RS Turbo CVT Honda SENSING: one of sedan segment's major thrusters
    Ruben Manahan IV . Sep 25, 2024
  • GAC Emkoo Hybrid: Peppy, efficient powerhouse for the price-conscious
    GAC Emkoo Hybrid: Peppy, efficient powerhouse for the price-conscious
    Cesar Miguel . Sep 23, 2024