Automotive importers and distributors are still bullish on their 2011 sales, saying their supply chain has remained intact amid disruptions encountered by the rest of the industry.
The Association of Vehicle Importers and Distributors said their supply chains had enabled them to meet increasing demand from consumers.
Most members of the Chamber of Automotive Manufacturers of the Philippines Inc. have scheduled factory shutdowns because of supply disruptions following the magnitude 9 earthquake in Japan.
“Avid members import completely built units [CBUs] and replacement parts from Europe, China, Korea, India and the United States,” said Maria Fe Perez Agudo, Avid president, in an e-mailed statement to the Manila Standard Wednesday.
“Utilizing global supply platforms, Avid members’ operations will continue to be supported by robust supply chains to sustainably offer quality products, respond to consumer demands and deliver its commitment to its valued customers,” she said.
“With an April year-to-date growth of 5 percent versus 2010, Avid sales forecast for 2011 remains bullish on the back of solid macroeconomic fundamentals supported by a stable investment climate and optimistic consumer behavior.
Most car companies in the country had reduced by half their production volume in the aftermath of the earthquake and tsunami in Japan that affected parts and components suppliers in the region.
Most car companies in the country are importing their parts and components from Japan for local assembly. Some of those that announced reduction in volume production in April were Toyota, Honda and Ford. Ford resumed its normal operations on May 9 while Toyota announced last week the resumption of its normal two-shift operations in June.
Honda, meanwhile, had been implementing a “yellow flag” status, or an alert mode, in all its dealerships nationwide until vehicle supply situation normalizes.
Avid is composed of nine members, including Hyundai Automotive Resources Inc., the exclusive distributor of Hyundai vehicles in the Philippines; The Covenant Car Co., which distributes GM/Chevrolet; CATS Motors for Mercedes Benz; and Scandinavian Motors for Audi.
Other members are British United Automobiles Inc., Focus Ventures Inc., Foton Motor Philippines, Jaguar Cars Inc. and PGA Cars Inc. –Julito G. Rada, Manila Standard Today
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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