Sales may have dipped slightly during the first seven months of 2019.
Yet the Association of Vehicle Importers and Distributors still managed to breach the 50,000-vehicle mark with 50,164 units.
This was down from last year’s 50,505 units during the January to July period.
This steady showing was fueled by strong Light Commercial Vehicle sales, supported by the Passenger Car and Commercial Vehicle segments.
In july of this year alone, for instance, AVID members sold 6,987 vehicles—slightly down by 11 percent.
These were made up of 31,878 LCVs. Increasing by a marginal 1 percent versus the same period last year, the steady pace was due to strong sales by Ford and Huindai, first and second places, respectively.
Ford sold 12,517 trucks and SUVs while Hyundai returned an 8,645 unit posting in the same category.
CV sales also grew significantly—by 140 percent, to be precise. Hyundai led this one with 580 trucks and buses.
As for Passenger Cars, sales may have slowed down by 5 percent. Yet the 17,705 unit showing was led by Hyundai with 10,565 cars and Suzuki with 5,065 units.
AVID attributes this period’s performance to hgher interest rates and stiff competition. It is confident, however, that its members will bounce back, especially during the remaining months of 2019.