Wednesday, February 22, 2012

AVID Begins 2012 with 37 Percent Growth

Despite industry figures dipping 16 percent in January 2012, Members of the Association of Vehicle Importers and Distributors (AVID) reported a 37 percent increase.

AVID members sold a total of 2,526 units for the first month of 2012 driven mainly by passenger car sales which counted for 71 percent. Light Commercial Vehicles (LCV) contributed a 6 percent growth. The top AVID performer remained HARI. Hyundai Asia Resources, Inc., the official distributor of Hyundai cars in the Philippines contributed 20,297 units. Meanwhile, The Covenant Car Company, Inc., the official distributor of Chevrolet vehicles sold 2,763 units.

AVID members are: PGA Cars, Inc. (Audi and Porsche), Auto Ventures, Inc. (Chana and FAW), The Covenant Car Company, Inc. (Chevrolet), CATS Motors, Inc. (Chrysler, Dodge, Jeep and Mercedes-Benz), Foton Motor Philippines, Hyundai Asia Resources, Inc., Jaguar Philippines, British United (MINI) and Volvo.

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