The Association of Vehicle Importers and Distributors, Inc. (AVID) started strong for the fourth quarter of 2019. In the month of October, 7,320 units were sold, equivalent to a 5% gain over the 7,000 sold in the previous month. A slight dip of 3% or 71,396 units sold year-to-date (YTD) in October compared to the same time in 2018.
Lower inflation, interest rates, and fuel prices coupled with increased consumer spending with the start of the holiday season could boost industry performance. Increased government spending on key infrastructure projects and the jeepney modernization program will further bolster demand, especially for light and heavy commercial vehicles,
Passenger car sales grew by 2% month-on-month with 2,591 units sold in October over the number achieved in September 2019. Hyundai Asia Resources, Inc. (HARI) still retains its industry leadership in this segment with 1,457 units sold, while Suzuki is the runner-up in this time period with a total of 690 units. AVID’s year-to-date sales for passenger cars dipped by 3% with 25,133 units sold compared to the 25,821 units sold during the same period last year.
The light commercial vehicle (LCV) segment experienced a 6% increase in the month-on-month sales with 4,689 units sold for the month of October in contrast to a total of 4,413 units sold the month prior. There was a slight dip in the year-to-date sales of 4.3%, with 45,536 units sold versus the same period last year. Ford leads the light commercial segment with 16,522 units sold since the start of the year, followed by Hyundai with 12,331 units. Suzuki comes in third for the period with 12,267 sold.
Commercial vehicles were the only segment in AVID’s report that experienced a drop in sales volume. The report states a 7% drop for October with 40 units sold. Through the course of 2019, CV sales surged by 87% to 727 units in the first 10 months of the year compared to 389 units sold during the same period in 2018.
A new Mazda CX-5 is planned for 2025 with a hybrid powertrain / News
Mazda is working on launching a new CX-5 in 2025. The most popular crossover in the lineup is also going hybrid.
Toyota Gazoo Racing looks to unveil a concept car at Le Mans / News
A new Toyota Gazoo Racing motorsport car is set to be unveiled during the 24 Hours of Le Mans on June 10, 2023.
Report: Hyundai wants to greenlight production of the N Vision 74 / News
Hyundai is serious about putting the N Vision 74 into production according to Chief creative officer Luc Donckerwolke.
Cheapest cars under P700,000 in the Philippines
Oct 20, 2022
First car or next car, the Ford EcoSport is a tough package to beat
Jun 18, 2021
Car Maintenance checklist and guide – here’s everything you need to know
Earl Lee · Jan 12, 2021
Most fuel efficient family cars in the Philippines
Bryan Aaron Rivera · Nov 27, 2020
2021 Geely Okavango — Everything you need to know
Joey Deriquito · Nov 19, 2020
Family cars in the Philippines with the biggest trunks
Jul 20, 2022
Head to head: Toyota Rush vs. Suzuki XL7
Joey Deriquito · Oct 28, 2020
Why oil changes are important for your car
Earl Lee · Nov 10, 2020
2021 Kia Stonic — What you need to know about it
Joey Deriquito · Oct 16, 2020
Top 7 tips for buying a used car in the Philippines
Joey Deriquito · Nov 26, 2020