Vehicle importers doubled sales in first six months

  • Page Views 3172
  • A group of vehicle importers said Tuesday sales doubled in the first half from a year ago, following the introduction of affordable models.

    The Association of Vehicle Importers and Distributors said sales jumped 103 percent in January to June to 45,420 units from 22,371 vehicles delivered in same period last year.

    It said second-quarter sales alone expanded 74 percent to 24,260 units from 13,296 units sold a year earlier.

    “Avid sales surged by 103 percent in the first half of 2016 hinging on the entry of new, innovative and reasonably-priced models,” Avid president Ma. Fe Perez-Agudo said in a statement.

    Toyota_Loom_Mass_Production_Bertel_Schmitt“This growth will likely be the trend in the remaining months of 2016 with Avid’s value-packed products, attractive incentives and unparalleled service,” said Perez-Agudo.

    Data from Avid showed the passenger car segment sold 16,618 units, up by 87 percent from 8,876 units recorded in the first semester of 2015.  Second-quarter passenger car sales increased 93 percent, led by Hyundai with 6,021 units sold.

    The light commercial vehicle segment surged 113 percent in first half to 28,802 units from 13,495 units in the same period in 2015.

    This was boosted by 16,054 units sold by Ford Philippines which joined Avid in May 2015.

    The group managed to hit 15,251 units in the second quarter, increasing 65 percent from the same period last year.

    Agudo said automotive sales were expected to keep growing, parallel to the growth of Philippine economy which grew 6.9 percent in the first quarter of 2016.

    She said vehicle purchases would remain on the upside in light of increased consumer confidence and attractive lineup of products despite external political developments.

    Avid is composed of 10 companies engaged in the importation and distribution of automobiles in the Philippines.

    Rival industry group Chamber of Automotive Manufacturers of the Philippines Inc. earlier said members sold 167,481 vehicles in the first six months, up by 27 percent from the same period last year. (O. Campos, MS)


    New Posts Recently publish post More

    • 20 March 2018
      48 mins ago No comment

      Sanofi Pasteur ignored warning – US expert

      An American expert on tropical diseases testified before the Senate on Tuesday that he warned anti-dengue vaccine maker Sanofi Pasteur on the health risks of using the Dengvaxia vaccine in 2016, bolstering the government’s case against the French pharmaceutical giant and health officials of the Aquino administration. Scott Halstead ...

    • 20 March 2018
      3 hours ago No comment

      Essence Art Exhibit to feature Filipino-Canadian Artists

      The North Vancouver Community Arts Council and MELD Arts will present Essence Art Exhibit that will feature the art of five Filipino-Canadian artists. It will showcase art that celebrates the roles, struggles and triumphs of all women. Slated on April 27 to May 26, 2018 at the CityScape Community ...

    • 19 March 2018
      23 hours ago No comment

      North America’s First Closed-Loop Waste Management System opens in Surrey

      Surrey’s Biofuel Facility officially opened today in the Port Kells industrial area. The $68 million facility is the first fully integrated closed-loop organic waste management system in North America. The facility will convert curbside organic waste into renewable biofuel to fuel the City’s fleet of natural gas powered waste ...

    • 19 March 2018
      1 day ago No comment

      Thoroughbreds (PG)

      Demon Seed! Two girls linked by childhood open all sorts of new wounds in the horrific Thoroughbreds. Do not confuse the title of this Universal Pictures thriller white horses though  this drama takes place among the horsey set.. The two gals enjoy horsing around which occurs around  a wealthy ...

    • 19 March 2018
      1 day ago No comment

      US-funded Samar bridge benefits 400K residents

      Finance Secretary Carlos Dominguez III and United States Ambassador to the Philippines Sung Kim led the site visit of a road and bridge infrastructure project completed under a $222.5 million US-grant that is now benefiting over 400,000 residents of Eastern Samar. Funded by the US foreign aid agency Millennium Challenge Corporation ...

    %d bloggers like this: