The appetite of the local market for imported vehicles recovered in 2021 as sales grew 14 percent compared to 2020 numbers, the Association of Vehicle Importers and Distributors (AVID) reported Monday.
AVID said imported vehicle sales last year increased to 58,916 units from 51,851 units in 2020.
The double-digit growth in sales of light commercial vehicles offset the 9 percent decline of passenger car sales last year.
Imported light commercial vehicles sold 42,871 units in 2021, higher by 23 percent than the 34,896 unit sales in 2020.
Sales of outsourced passenger cars in the previous year decreased to 15,092 units from 16,650 units sold a year ago.
On the other hand, commercial vehicle sales jumped 212 percent to 953 units from 305 units in the same period.
Month-on-month, AVID members’ cumulative sales increased by 7 percent to 5,259 units in December last year from 4,903 units in November.
Some 4,110 units sold in the previous month were light commercial vehicles, 1,140 units were passenger cars, and nine units of commercial vehicles.
AVID president Maria Fe Perez-Agudo said easing the mobility towards the latter part of the year has contributed to the recovery of the industry.
“You cannot downplay the importance of mobility in the reopening of the economy, gradual though it may be,” Perez-Agudo said. “With unwavering confidence in the market and in the quality of our product and service offerings, AVID members are determined to build on these gains and look forward to an even better normal in 2022.”
Source: Philippines News Agency