Sunday, September 22, 2013
AVID Quells "Ghost Month"; Sales Up 30 Percent
The Association of Vehicle Importers and Distributors (AVID) performed against the odds in August, growing by an impressive 30% compared to the same month a year ago, ending the period with 2,411 units sold against 1,858 in August of the previous year.
Both Passenger Cars (PC) and Light Commercial Vehicles (LCV) exhibited exceptional performances during the ghost month, with PCs up by 20% for an August 2013 total of 1,368 units sold and LCVs by a staggering 46% for a 1,043 unit tally.
While still down by 13% Year-to-Date (YTD), the PC segment’s August performance has given the category a much needed boost to fuel a second half rally. AVID’s LCVs, meanwhile, continue to impress, with YTD numbers up by a massive 28% to end the first eight months of 2013 with 10,023 units sold from 7,827 units through August of 2012.
With a strong showing from both segments in August, AVID’s YTD performance has managed to gain further traction, ending the period with 20,558 units sold versus 19,876 units for the same period last year, representing a 3% YTD increase.