Imported car sales have increased by 43% in the last seven months
The Association of Vehicle Importers and Distributors (AVID) announced on Friday that import vehicle sales rose by 43 percent to 35,092 units in the first seven months of the year, up from 24,610 units a year earlier.
For the period of January to July, sales increased in all categories.
In the first seven months of this year, passenger vehicle sales increased by 15% to 9,110 units, up from 7,893 units sold in 2020.
Sales of light commercial vehicles increased by 52% to 25,127 units from 16,561 units.
Commercial vehicle sales, on the other hand, increased by 448 percent to 855 units this year from 156 units in 2020.
“The important lessons gained and learned over the time are primarily driving the gradual transition of the automobile sector to (new) regular operations. These lessons have fueled our desire to find new and creative methods to meet market demands. In a statement, AVID president Ma. Fe Perez-Agudo stated, “We are committed to paving the path for recovery.”
Sales of the industrial group fell 5% to 4,862 units in July 2021, compared to 5,101 units sold in July 2020.
Last month’s 27 percent drop in passenger car sales dragged down vehicle importers’ overall year-over-year sales.
Last month, passenger vehicle sales fell to 1,293 units from 1,765 units in July 2020.
Light commercial vehicle sales rose by 5% and commercial vehicle sales increased by 389 percent, respectively.
Imported vehicle sales decreased by 2% month over month in June 2021, from 4,961 units.