Car distributors’ sales rise 12% in April

May 25,2019

AT THE launch of the all-new Hyundai Tucson and the i20 Cross Sport are (from left) Hari chair emeritus Richard Lee, Hari vice chair Conrad Marty, Hyundai Motor Co. export department head and senior general manager Park Jin-young, Hyundai Motor Co. Asia and Pacific Regional Headquarters director Park Sang-min and Hari president and CEO Ma. Fe Perez-Agudo. photos by EUGENE ARANETA

DELIVERIES of member companies of the Association of Vehicle Importers and Distributors (AVID) reached 7,259 units in April, a 12.1% increase from the group’s tally of 6,476 units for the same month in 2018.

According to a May 23 report released by AVID, the group sold 2,614 passenger cars (PC) for the month, 12% more than the 2,342 units moved in April 2018. Sales of light commercial vehicles (LCV) also grew 13%, from 4,029 units to 4,534 units this year, and those of commercial vehicles (CV) rose 6%, or from 105 units in April 2018 to 111 units in April this year.

AVID said it finally posted a gain last month — even if nearly flat — in cumulative year-to-date sales when compared against the same period in 2018. AVID sold 29,458 vehicles in the first four months of the year, a 0.2% growth from the 29,411 vehicles delivered during the comparable stretch last year.

The group noted sales of PCs declined 8% in the first four months of 2019 to 10,528 units; 11,451 PCs were sold from January to April in 2018.

LCV deliveries from January to April reached 18,483 units, a 5% gain from the 17,520 units sold during the same period last year.

AVID members sold 447 CVs in the first four months of the year compared to 440 units during the same period in 2018.

“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, also president and CEO of Hyundai Asia Resources, Inc. “The strong April performance signifies that demand for vehicles is slowly increasing, eventually leading to what we forecast as a strong industry recovery.”

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