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Imported vehicle sales up 59% in five months

The Association of Vehicle Importers and Distributors Inc. said Wednesday sales by member-companies jumped 59 percent in the first five months to 25,217 units from 15,811 units a year ago.

“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 Perez- Agudo.

The industry group said sales of passenger cars grew by 29 percent in the five-month period to 6,357 units from 4,928 units a year earlier, while those of light commercial vehicles rose 68 percent to 18,128 units from 10,782 units. Commercial vehicles sold reached 732 units, up 624.7 percent from 101 units in the same period last year.

It attributed increased vehicle sales to the gradual re-opening of the economy and less restrictive quarantine measures. Suzuki was the top seller in the passenger car segment with 3,259 units sold, followed by Hyundai with 2,170 units.

Ford dominated the light commercial segment with 7,692 units sold. Suzuki placed second with 4,933 units while Hyundai was third with 2,450 units sold.

Data showed that month-on-month sales increased by 8.1 percent to 4,864 units in May from 4,496 units in April. While passenger car sales dipped by 5 percent to 1,029 units from 1,087 units, sales of light commercial vehicles went up by 22.4 percent to 3,814 from 3,116 units.

Commercial vehicle sales suffered a downtrend of 93 percent to 21 units in May from 293 units in April.

Sales went up by 293 percent in May from 1,239 units sold in the same month last year. Passenger car sales went up by 191 percent from 354 units while light commercial vehicle sales jumped 335 percent. Commercial vehicle sales also increased 133 percent year-on-year.

Topics: Imported vehicle sales , Association of Vehicle Importers and Distributors Inc. , AVID ,
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