Thursday, September 13, 2012
AVID Posts 24% Growth from January-August 2012
The Association of Vehicle Importers and Distributors (AVID) registered 24% growth in total sales with 19,875 units sold in the first eight months of the year versus 16,020 units in the same period last year. January-August 2012 also posted an increase in the Passenger Car (PC) segment, driving overall sales up by 50% to 12,049 units sold compared to 8,047 units sold from January-August last year. Top three contributors to positive sales were British United Automobiles, Inc., The Covenant Car Company, Inc. (TCCCI) and Hyundai Asia Resources, Inc. (HARI).
AVID also showed a year-on-year growth of 1.8%, with 1,858 units sold in August as opposed to 1,825 units sold last year.