Car Imports Decline By 43%

Car importers sold 43 percent less in 10 months this year as all vehicle segments registered fewer demand amid the pandemic.

The Association of Vehicle Importers and Distributors said it sold 40,993 units as of end-October, lower than the 71,362 units in the same period last year. But as vehicle sales went up nine percent month-on-month in October, car importers are still aiming for a strong fourth-quarter finish.

AVID president Ma. Fe Perez-Agudo said, “Businesses are reopening and travel and tourism are resuming. These activities require mobility and a strong and healthy auto industry will set the course for economic recovery.”

While the pandemic brought challenges to business operations, she said the automotive industry has been quick to adapt to the new normal, adding, “So now you can buy a car online, have it delivered to you without face-to-face contact, and do contactless pickups and drop-offs at service locations for your after-sales needs.”

Source: https://www.philstar.com/business/2020/11/18/2057602/car-imports-decline-43

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