Hyundai, Ford Drive AVID Sales for April 2019

The Association of Vehicle Importers and Distributors or AVID sold 7,259 units in April 2019, recording its best month so far this year as it grew by 12.1 percent compared to the same month last year.

For the first time in 2019, year-to-date sales crossed positive territory, slightly increasing to 9,458 units sold versus 29,411 units from January to April last year.

“We are pleased to finally see growth in the first four months, coming from a lackluster first quarter,” said AVID President Ma. Fe Perez-Agudo. “The strong April performance signifies that demand for automotive vehicles is slowly increasing, eventually leading to what we forecast as a strong industry recovery.”

Overall, most brands recorded positive sales in April with distributors such as Auto Nation Group (Mercedes-Benz, Chrysler, Jeep, Dodge, and RAM), Ford Philippines, Hyundai Asia Resources, Motor Image Pilipinas (Subaru), and Suzuki Philippines all recording positive sales figures for the month.

While sales of Passenger Cars (PC) declined by 8 percent in the first four months of 2019 to 10,528
units, it grew by 12 percent to 2,614 units in April 2019 year-on-year.

Hyundai remains the main volume driver of the segment, accounting for 66 percent of AVID’s total PC sales, followed by Suzuki’s 24 percent.

Growth of the Light Commercial Vehicle (LCV) segment was sustained, increasing by 5 percent and 13 percent in year-to-date and year-on-year comparable periods, respectively. The segment accounts
for roughly two-thirds of AVID’s total vehicle sales, led by Ford (40 percent), Hyundai (29 percent), and Suzuki (22 percent)

April 2019 Commercial Vehicle (CV) sales grew by 6 percent year-on-year to 111 units. January to April 2019 increased at a slower pace at 2 percent or 447 units sold versus the same period last year. Hyundai accounts for 74 percent of AVID’s year-to-date CV sales.

“Overall, we are optimistic that as macroeconomic fundamentals improve, industry sales will only get better. We are bound to encounter headwinds this year, including shifts in buying patterns and higher interest rates, but we are confident that the industry is geared to tackle such challenges.” Ms. Agudo added.

Editor’s Note:

• ANG – Auto Nation Group (Chrysler, Jeep, Dodge, Mercedes-Benz)
• BBAI – British Bespoke Automobiles, Inc. (Rolls-Royce)
• BUAI – British United Automobiles, Inc. (Lotus, MINI)
• DMI – DBPHILS Motorsports, Inc. (Aston Martin)
• FGPI – Ford Group Philippines, Inc. (Ford)
• HARI – Hyundai Asia Resources, Inc. (Hyundai)
• MIPI – Motor Image Pilipinas, Inc. (Subaru)
• JAIPI – JAC Automobile International Philippines (JAC)
• PGA – PGA Cars, Inc. (Audi, Bentley, Lamborghini, Porsche)
• SMC – Scandinavian Motors Corporation (Volvo)
• SPI – Suzuki Philippines, Inc. (Suzuki)
• TAC – Triesenburg Auto Corporation (Kinglong)
• TCCCI – The Covenant Car Company, Inc. (Chevrolet)