Importers of vehicles in the country posted higher sales in the first quarter of the year.
The Association of Vehicle Importers and Distributors (AVID) said sales rose by 7 percent to 15,857 units from 14,554 units sold in the same period in 2020. Sales of all vehicle segments except for passenger cars posted recorded a positive sales growth in the January to March 2021 period.
Light commercial vehicle sales for the first three months of the year rose by 13 percent to 11,198 units from 9,895 units sold in the same period last year. Commercial vehicle sales surged by 354 percent in the first quarter of 2021 to 418 units from 92 units in 2020.
On the other hand, sales of passenger cars declined by 7 percent to 4,241 units sold between January and March this year from 4,567 units sold in the same period of the previous year. On a year-on-year basis, sales of AVID members have recovered in March 2021 from March 2020 — the onset of coronavirus disease 2019 (Covid-19) pandemic.
Sales last month jumped by 95 percent to 5,193 units from March 2020’s 2,663 units. Compared to February 2021, sales last month declined by 4 percent from 5,401 units.