AVID Year-Over-Year Sales Slip by 18%

Dampened by the high inflation, interest rate hike, and surge in oil prices, the Association of Vehicle Importers and Distributors (AVID) sales witnessed a slowdown, recording 65,917 units sold, a 13 percent year-to-date decline from last year's 75,949 units sold. In Q3 2018, the association slipped by 18 percent with 22,774 units sold against Q3 2017's 27,605 units sold.

Demand for Passenger Cars (PC) continues to dip in favor of SUVs with 23,531 units sold in the first nine months of the year, down by 20 percent. With 7,350 units sold, the PC segment dropped by 30 percent in Q3 2018. In terms of volume, Hyundai continues to spearhead the segment as it managed to sell 15,359 units from January to September this year.

Accounting for 63 percent of the total AVID sales, the Local Commercial Vehicles (LCV) segment reported a 10-percent year-to-date drop, bringing the year-to-date sales tally to 41,808 units versus the previous year's 46,683 units. A total of 15,279 units were sold during Q3 2018, 11 percent lower than the 17,108 units sold in Q3 2017. Ford recorded 17,600 units sold for the first nine months of the year, making it the top selling brand in this segment.

Represented by JAC Automobile Int’l Philippines Inc., AVID's Commercial Vehicle (CV) segment sold 578 units from January to September 2018.

"AVID sales hit 65,917 units sold in the first nine months of the year as consumer vehicle demand is tempered by the rising commodity prices and interest hikes," said Hyundai Asia Resources CEO and AVID President Maria Fe Perez-Agudo. "Amidst the headwinds, AVID retained its rosy outlook that its wave of new product launches and customer-focused service offerings will augur well for the automotive industry."

AVID

Read All

Featured Articles

Recommended Articles For You

Read All

Featured Cars

  • Upcoming

Car Articles From Zigwheels

  • News
  • Article Feature
  • Advisory Stories
  • Road Test
  • Ford PH: no price increase for Ranger as of Jul. 2025
    Ford PH: no price increase for Ranger as of Jul. 2025
    Ruben Manahan IV . Jul 04, 2025
  • MG Motor PH to launch D90 early next year
    MG Motor PH to launch D90 early next year
    Cesar Miguel . Jul 04, 2025
  • BYD Cars PH launches limited-run Seagull in Seashell Pink hue
    BYD Cars PH launches limited-run Seagull in Seashell Pink hue
    Cesar Miguel . Jul 04, 2025
  • Mazda PH launches driver development program
    Mazda PH launches driver development program
    Paulo Papa . Jul 04, 2025
  • Honda Cars PH extends ‘Style Up & Drive Promo’ with special deals for City, City Hatchback, BR-V
    Honda Cars PH extends ‘Style Up & Drive Promo’ with special deals for City, City Hatchback, BR-V
    Paulo Papa . Jul 04, 2025
  • Check out these basic overlanding items for when you want to enjoy the outdoors
    Check out these basic overlanding items for when you want to enjoy the outdoors
    Paulo Papa . Jul 04, 2025
  • Suzuki Dzire Hybrid vs Toyota Corolla Altis GR-S HEV CVT vs BYD Seal: new-energy sedan showdown
    Suzuki Dzire Hybrid vs Toyota Corolla Altis GR-S HEV CVT vs BYD Seal: new-energy sedan showdown
    Paulo Papa . Jul 04, 2025
  • 3 reasons why customers choose Toyotas
    3 reasons why customers choose Toyotas
    Cesar Miguel . Jul 03, 2025
  • Zigwheels PH Wrapup: Local vehicle launches in H1 2025
    Zigwheels PH Wrapup: Local vehicle launches in H1 2025
    Ruben Manahan IV . Jul 02, 2025
  • Let’s inspect the Omoda E5’s interior
    Let’s inspect the Omoda E5’s interior
    Cesar Miguel . Jul 02, 2025
  • Do you still need to wash your car after it rains?
    Do you still need to wash your car after it rains?
    Cesar Miguel . Jun 12, 2025
  • What should you visit first at MIAS 2025?
    What should you visit first at MIAS 2025?
    Cesar Miguel . Apr 11, 2025
  • Do you really need 4x4 for overlanding?
    Do you really need 4x4 for overlanding?
    Cesar Miguel . Mar 26, 2025
  • Number coding 2025: what you need to know
    Number coding 2025: what you need to know
    Paulo Papa . Mar 09, 2025
  • EVs still require lubrication, JAMA execs say
    EVs still require lubrication, JAMA execs say
    Paulo Papa . Mar 09, 2025
  • First drive: MG ZS Hybrid+
    First drive: MG ZS Hybrid+
    Cesar Miguel . Jun 30, 2025
  • BYD eMAX 7 Superior Captain: MPV for modern families
    BYD eMAX 7 Superior Captain: MPV for modern families
    Paulo Papa . Jun 18, 2025
  • Suzuki Ertiga Hybrid: modest mover
    Suzuki Ertiga Hybrid: modest mover
    Paulo Papa . Jun 05, 2025
  • ELECTRIA: 2025 BYD Atto 3 - updates done right
    ELECTRIA: 2025 BYD Atto 3 - updates done right
    Cesar Miguel . Jun 05, 2025
  • Dongfeng Nammi: Stylish all-rounder
    Dongfeng Nammi: Stylish all-rounder
    Cesar Miguel . May 21, 2025