Sunday, October 26, 2014

AVID Sales Up 37 Percent in September

The Association of Vehicle Importers and Distributors (AVID), expanded by 37% year-on-year (YoY) in September ending the month with 3,043 units sold.  Exceptional growth was seen in both the Passenger Car (PC) and Light Commercial Vehicle (LCV) segments.

Leading the way was the Passenger Car segment, which posted a strong 38% YoY increase in sales to 1,703 units. Year-to-date, the group’s PC sales jumped by 19% to 14,050 units against its September 2013 sales. Strong growth was fueled by top performers Hyundai, Subaru, and Volvo in the PC segment.

On the LCV front, sales reached 1,340 units in September, translating to 35% gain versus only 997 units that were sold in September last year. Chevrolet continues to spearhead the segment, commanding sales growth of 84%. The LCV category continued to impress with its YTD sales tally of 12,963 units, up by 18%.

Together with the solid charge of the PC and LCV segments, the group managed to grow by 19% for the first nine months of the year with a total of 27,013 units sold.

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