NextGen Day

As sales of outsourced automobiles surged in September, vehicle importers are becoming more hopeful as the year draws to a close.

The Association of Vehicle Importers and Distributors (AVID) said on Wednesday that sales in August increased by 26% to 4,946 units, up from 3,919 in August of this year.

After placing Metro Manila under enhanced community quarantine in early August, the government reduced community quarantine restrictions.

The industrial group’s year-to-date sales grew by 26% to 43,957 units from January to September 2021, compared to 34,980 units in the same time last year.

In a statement, AVID president Ma. Fe Perez-Agudo remarked, “We have withstood the turbulent market conditions of the third quarter.”

Although passenger car sales fell 1% year to date to 11,596 units, the light commercial vehicle market sold 31,444 units in the first nine months of the year, offsetting the drop in passenger car sales.

Commercial vehicle sales increased 311 percent this year, from 223 units in 2020 to 917 units this year.

“AVID is enthusiastic and driven to end this last quarter on a high note,” Perez-Agudo continued, citing improved health conditions and a more stable outlook.

This year, the local automotive sector hopes to sell 295,000 units, which will include sales from both local assemblers and importers.

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