Sales of member of the Association of Vehicle Importers and Distributors Inc. dropped slightly in 2019 to 87,984 units from 88,430 units in 2018.
Despite the marginal drop in annual sales, the December figures proved promising with 8,089 units sold, up 12 percent from 7,211 units year-on-year.
“AVID’s performance in the last month of the year augurs well for the automotive industry as we begin the Year of the Metal Rat and the new decade. The continued easing of inflation rates, lower fuel prices, and increased government spending will only bolster sales for the group. We will complement these positive indicators with new models, value-packed service offerings, and easier ownership schemes,” said AVID president Ma. Fe Perez-Agudo.
Sales of passenger cars in 2019 dipped 0.5 percent to 30,726 units from 30,876 units in 2018.
Hyundai Asia Resources Inc. sold more vehicles in this segment than all AVID members combined with a total of 17,761 units in 2019. Suzuki followed with 8,621 units.