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
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
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 #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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