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
Sept 5 – Oct 5
National Teachers Month
“Pay teachers decent wages,
Pay attention to teachers!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
September
Monthly Observances:
Health, Safety, and Sanitation Month
Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 5)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: 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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