“o. itemList. length” “this. config. text. ariaShown”
“This. config. text. ariaFermé”
After two months of sales recovery, an organization of vehicle importers experienced a slight decline in August, a month of a year of meathing sales.
Sales of the Association of Vehicle Importers and Distributors, Inc. (AVID) reached 4,753 games, a minimum of 7% of the 5,100 games delivered last month.
Last June, the group’s deliveries increased by almost 200% until the primary slowdown in May 2020 The momentum continued until July, with an additional 40% accumulated in vehicle deployments.
The AVID organization attributed the measure to decline in August due to the quarantine of the community for two weeks in the metropolitan provinces of Manila and neighbors.
However, AVID President Ma. Fe Pérez-Agudo said they hoped their 21-member organization would have a positive expansion from this month through December.
“There are encouraging signs of a sustained recovery in the automotive sector with the slow reopening of business. However, we remain vigilant because one of the key facets of the industry’s rebirth is restoring customer trust through strict rules of adequacy and immediate virtual protection and transformation. They are the well-being of our stakeholders, the continuity of operations and the preservation of livelihoods,” Agudo explained.
In August 2020, the passenger car (PC) segment continued to gain ground, with sales increasing from 6% to 1865 cars delivered in July. Hyundai Asia Resources Inc. (HARI) is at the forefront of sales volume for the PC segment, followed by Suzuki Philippines and Ford Philippines.
The advertising vehicle (CV) segment recorded a 95% increase in sales month after month. The organization said cv sales “should recover as soon as you can imagine with the continuation of the BUILD BUILD build program and the Public Utility Vehicle Modernization Program (PMSV).
The Soft Advertising Vehicle (LVV) boosted the group’s sales in red numbers, falling 14% to 2,851 games sold in August. The top 3 participants in this sector are Ford, Hyundai and Suzuki.
AVID has not yet recovered from its 48. 7% loss in sales this year, covering the full 8 months of the year, promoting only 29360 to 57,202 for the same era in 2019.
AVID urges the government to give its entirety to the automotive industry.
“AVID is one with the automotive industry to seek government help so that we can recover from the effect of this pandemic. We welcome government projects that open up more investment opportunities, create jobs for our workers, provide reliable and affordable mobility for Filipinos,” Agudo said.
“However, we are involved in the proposal to impose ‘safeguard’ taxes on imported vehicles. Before closing, we express our position that the import penalty will not generate investment or resolve the pressing unrest facing the local production sector. , is a disruptive measure that will further hinder the expansion of the automotive industry and our competitiveness in the region,” he added.
Photo/sec of the Association of Vehicle Importers and Distributors, Ruben D. Tomorrow IV
Vehicle importers in GCQ concession operations position
AVID vehicle dropped in January 2020
Vehicle import group down 34%