MANILA – Imported vehicle sales for the first two months of the year declined by 10 percent compared to the same period a year ago, the Association of Vehicle Importers and Distributors (AVID) reported Monday.
AVID sales in January to February this year reached 10,663 units from 11,890 units sold in the same months in 2020.
Passenger car sales had the largest drop of 19 percent during the period with sales reaching 2,868 units this year from 3,540 units sold a year ago.
Sales of light commercial vehicles declined by 9 percent to 7,522 units in January to February 2021 from 8,264 unit sales in the same period last year.
On the other hand, commercial vehicle sales surged a whopping 217 percent to 273 units from 86 units in 2020.
For February 2021 alone, sales declined by 15 percent versus last year.
AVID’s sales last month reached 5,401 units from 6,342 units in February 2020.
“AVID ended 2020 on a high note. And while we acknowledge that recovery will not come quickly, we remain focused on taking ‘baby steps’ at all fronts of our respective businesses and count on government to heed our call for a more comprehensive, long-term approach to reopening the economy by creating more job opportunities, upgrading infrastructure and logistics, and improving the ease and cost of doing business,” AVID president Ma. Fe Perez-Agudo said. (PNA)
