Wednesday, March 19, 2014

AVID Sales Up by 18 Percent as of February

With the entry of new exciting models, the Association of Vehicle Importers and Distributors (AVID) managed to grow its sales by 18% as of February or 5,866 units from 4,963 units in the same period last year.

In February alone, sales rose by 14% to 2,675 units, spearheaded by the Passenger Car segment which grew by 26% year-on year to 1,311 units. Hyundai led the charge, registering 41% growth as sales for Eon and Grand i10 stayed buoyant in February.

On the Light Commercial Vehicle front, laudable performance from Chevrolet, Subaru and Mini contributed to the segment’s healthy sales of 1,364 units in February, 5% higher than the 1,295 units posted same month last year.

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