Friday, July 18, 2014

AVID Sales Up 21 Percent in June

In June, the Association of Vehicle Importers and Distributors (AVID) registered total sales of 2,973 units, up by 21% from 2,447 units sold in the same month last year.  This led to first semester growth of 17% or a total of 17,902 units, driven by the marked performance of both the Passenger Cars (PC) and Light Commercial Vehicles (LCV) segments.

The PC segment saw its sales grow by 22% year-on-year in June to a total of 1,515 units, boosted by sustained sales from MINI, CATS Motors and Hyundai. This led to first semester sales growth of 16% or a total of 9,061 units.

On the other hand, the LCV segment continues to be in full swing, reinforced by the stellar performance of Chevrolet with 128% growth in its LCV sales for the month of June. LCV sales in the first half of the year totaled 8,841 units, up by 18% from the same period last year.

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