Friday, August 22, 2014

AVID's 7-Month Sales Up 15 Percent

For the first seven months of the year, the Association of Vehicle Importers and Distributors (AVID) rallied its sales to a total of 20,938 units, up by 15% compared to the same period last year. July sales notched up by 8% to 3,036 units marked by strong showing from both the Passenger Car (PC) and Light Commercial Vehicle (LCV) segments.

The PC segment saw its sales grow by 18% year-on-year in July to a total of 1,591 units contributed by the resilient performances from Hyundai, Subaru and Mini. The fastest growing brand in the PC segment is Mini with an outstanding 120% year-on-year growth in July sales. Year-to-date, PC sales are up by 16% to a total of 10,652 units.

On the other hand, the LCV segment dropped by a modest 1% to 1,445 units in July this year from 1,456 units sold a year before. However, year-to-date LCV figures reached 10,286 units or 15% growth in sales.

Chevrolet led the over-all LCV segment with stellar 73% year-to-date growth to 4,795 units sold.

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