Tuesday, December 2, 2014
AVID Car Sales Up 20 Percent in October
The Association of Vehicle Importers and Distributors (AVID), displayed a positive sales performance in October of 3,101 units, up by 20% year-on-year. Sales for the ten-month tally reached 30,114 units, growing by 19%. Both growth in Passenger Car (PC) and Light Commercial Vehicle (LCV) segments contributed to the overall sales of AVID. However, sales for Mini was not reflected in the total reported October sales for AVID.
Passenger Car segment, expanded by 29% with a total of 1,655 units sold for the month of October. Year-to-date, the PC sales experienced a solid 20% growth to 15,705 units versus the 13,044 units sold in the same period last year. Growth in PC segment was headed by Hyundai, Subaru and Chevrolet.
The LCV category sales hit 1,446 units in October, growing by 10% against 1,310 units that were sold in the previous year. The segment also posted an impressive year-to-date sales tally of 14,409 units, up by 17%. Chevrolet remained as the main driver for the segment with sales up by 101%.