Wednesday, June 20, 2012
AVID January-May 2012 Sales Up 27%
While total industry sales rose marginally by 0.6%, the first five months of the year saw sales of the Association of Vehicle Importers and Distributors (AVID) increase by 27% to 12,887 units versus the 10,151 sold in the same period last year. Passenger car (PC) sales went up by 77% or 8,004 units from 4,528 units sold last year. Top three contributors to this growth are Hyundai Asia Resources, Inc. (HARI), The Covenant Car Company, Inc. (TCCCI), and Motor Image Pilipinas, Inc.
For the month of May alone, total sales rose by 11%, likewise driven by higher PC turnouts of 1,476 units, or a 47% increase.