Wednesday, November 21, 2012

AVID January-October Sales Up 18%

The period January-October 2012 saw the Association of Vehicle Importers and Distributors, Inc. (AVID) post 18% growth in total sales to 24,004 units from the 20,340 units sold in the same period last year. Said growth can be attributed to strong sales in the Passenger Car (PC) segment, which went up by 29% and in the Light Commercial Vehicles (LCV) sales that grew by 5%. The launch of new models also provided the extra boost in sales, especially in the LCV category.

The positive sales performance was steered by British United Automobiles, Inc. (MINI), The Covenant Car Company, Inc. (Chevrolet) and Hyundai Asia Resources, Inc.’s newly launched models. Each member registered an overall increase of 41%, 23%, and 13% respectively.

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