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July 20, 2012

AVID Wraps Up First Semister with 28% Growth

The Association of Vehicle Importers and Distributors (AVID) ends the first semester with a 28% growth to 15,799 units from 12,324 units sold in the same period last year. This compares with the overall industry growth of 7%. 

The Passenger Car (PC) segment rose by 59% in the same period to 9,530 units from 6,007 units sold last year. Robust sales of AVID members, British United Automobiles, Inc., The Covenant Car Company, Inc. (TCCCI), and Hyundai Asia Resources, Inc. (HARI) boosted overall sales for the said period.

June 2012 alone saw a year-on-year growth of 9% in total sales to 2,912 units from 2,666 units sold in the same month last year.

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