Tuesday, August 21, 2012

AVID Jumpstarts Q3 with 27% Growth

The Association of Vehicle Importers and Distributors (AVID) kicks off the third quarter with a 27% rise to 18,017 units from 14,195 units sold in the same period last year. This compares with the overall industry growth of 11%.  In the same period, the Passenger Car (PC) segment boosted overall sales which grew by 52% to 10,906 units from 7,180 units sold last year.

Strong sales of British United Automobiles, Inc., The Covenant Car Company, Inc. (TCCCI), and Hyundai Asia Resources, Inc. (HARI) increased total sales of AVID for the said period.

July alone registered a growth of 19% in aggregate sales of PCs and LCVs to 2,218 units from 1,871 units sold in the same month last year.

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