Business NEWS

Sales of imported vehicles rebounded in the second month this year with a slight 3 percent increase versus performance in January 2021 on robust growth from the passenger car segment, the Association of Vehicle Importers and Distributors, Inc. (AVID) reported Monday, (March 22).

The Philippine Metalworkers’ Alliance (PMA), a workers’ union comprised of thousands of workers from the steel, metal and electronics industries, yesterday stressed that workers in the automotive industry are legitimate stakeholders in the automobile industry as they represent workers and their families who are more vulnerable to any disruption in the production process.

Philippines’ motor vehicle sales in 2020 plunged 39.56 percent to 275,512 units as against 457,110 units in 2019, according to combined sales date of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) and the all-importers group Association of Vehicle Importers and Distributors Inc. (AVID).

Domestic automotive parts manufacturers and workers stood behind the Department of Trade and Industry’s (DTI) decision to impose provisional safeguard measure on imported completely built-up (CBU) cars and light commercial vehicles (LCVs) as a step that will arrest further decline in local auto parts manufacturing and save jobs.  

The Association of Vehicle Importers and Distributors, Inc. (AVID), an all-car importers group, expressed confidence of ending the fourth quarter with robust sales growth, boosted by the popularity of light commercial or sports utility vehicle models.

The Association of Vehicle Importers and Distributors, Inc. (AVID) continues its robust revival with a whopping 212 percent increase in sales, from 4,955 units sold in the second quarter of the year to 15,471 units sold in in the third quarter.