Monday, June 16, 2014
AVID Sales Surge 23 Percent in May
The Association of Vehicle Importers and Distributors (AVID) racked up sales that totaled 3,217 units in May, reflecting 23% year-on-year growth from the 2,615 units posted in the same month last year. Enjoying sustained double-digit growth since the start of the year, AVID saw its year-to-date sales up by 16% to a total of 14,929 units.
Contributing to AVID’s robust sales performance in May are combined efforts from the Passenger Car (PC) and Light Commercial Vehicle (LCV) categories, both of which posted double-digit growth. Notably, the PC segment continued to perform exceptionally with 26% growth in sales, hitting a total of 1,743 units in May, compared to the 1,378 units sold during the same period last year. Hyundai and Subaru led the over-all charge for the PC segment with 33% and 40% year-on-year growth, respectively. Year-to-date, PC sales were up by 15% to 7,546 units versus year-ago levels.
The LCV category also marked significant gains in May with a total of 1,474 units, up by 19% from May 2013 sales of 1,237 units. Stand-out performers for the month include stellar growth from Mini, Subaru and Chevrolet. For the past five months, LCV sales hit a total of 7,383 units, reflecting a 17% increase.