While total vehicle sales in the January to April period went up slightly, AVID’s passenger car (PC) sales were still down eight percent to 10,528 units this year from the previous year’s 11,451 units. For the light commercial vehicle (LCV) segment, AVID’s sales rose five percent to 18,483 units in the four-month period from 17,520 units a year ago. The commercial vehicle (CV) segment also posted growth, sales reaching 447 units as of end-April or two percent more than the 440 units last year. AVID’s PC sales also climbed 12 percent to 2,614 units in April from 2,342 units a year ago. Agudo said the group is upbeat industry sales would be better this year compared to last year’s, as the country’s macroeconomic fundamentals improve.

Source: Philippine Star May 23, 2019 16:00 UTC