Business NEWS

Sales of imported vehicles in the country jumped 55 percent in the first half of the year to 30,153 units from 19,509 in the same period last year when the lockdown was at its  worse.

Sales of imported motor vehicles recorded a 59 percent surge in the first five months of the year to 25,217 units sold in 2021 From 15,811 units sold in the same period in 2020

The Association of Vehicle Importers and Distributors, Inc. (AVID) recorded a 40  percent increase in sales year-to-date (YTD), from the 14,572 sold in January-April 2020 to 20,353 units in the same period this year. 

Imported vehicle sales up 9 percent in the first quarter this year versus the same period in 2020 with commercial vehicles leading the growth, according to the Association of Vehicle Importers and Distributors, Inc. (AVID).

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.