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Showing posts with label AVID. Show all posts
Showing posts with label AVID. Show all posts

September 13, 2012

AVID Posts 24% Growth from January-August 2012


The Association of Vehicle Importers and Distributors (AVID) registered 24% growth in total sales with 19,875 units sold in the first eight months of the year versus 16,020 units in the same period last year. January-August 2012 also posted an increase in the Passenger Car (PC) segment, driving overall sales up by 50% to 12,049 units sold compared to 8,047 units sold from January-August last year. Top three contributors to positive sales were British United Automobiles, Inc., The Covenant Car Company, Inc. (TCCCI) and Hyundai Asia Resources, Inc. (HARI). 

AVID also showed a year-on-year growth of 1.8%, with 1,858 units sold in August as opposed to 1,825 units sold last year.
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August 21, 2012

AVID Jumpstarts Q3 with 27% Growth


The Association of Vehicle Importers and Distributors (AVID) kicks off the third quarter with a 27% rise to 18,017 units from 14,195 units sold in the same period last year. This compares with the overall industry growth of 11%.  In the same period, the Passenger Car (PC) segment boosted overall sales which grew by 52% to 10,906 units from 7,180 units sold last year.

Strong sales of British United Automobiles, Inc., The Covenant Car Company, Inc. (TCCCI), and Hyundai Asia Resources, Inc. (HARI) increased total sales of AVID for the said period.

July alone registered a growth of 19% in aggregate sales of PCs and LCVs to 2,218 units from 1,871 units sold in the same month last year.
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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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June 20, 2012

AVID January-May 2012 Sales Up 27%


While total industry sales rose marginally by 0.6%, the first five months of the year saw sales of the Association of Vehicle Importers and Distributors (AVID) increase by 27% to 12,887 units versus the 10,151 sold in the same period last year. Passenger car (PC) sales went up by 77% or 8,004 units from 4,528 units sold last year. Top three contributors to this growth are Hyundai Asia Resources, Inc. (HARI), The Covenant Car Company, Inc. (TCCCI), and Motor Image Pilipinas, Inc.

For the month of May alone, total sales rose by 11%, likewise driven by higher PC turnouts of 1,476 units, or a 47% increase.
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May 22, 2012

AVID Jumpstarts Q2 with 31% Growth; Total Industry Dips 1%


Performance and Drivers

Compared with the 1% decline in total industry sales, the Association of Vehicle Importers and Distributors (AVID) opens the second quarter with a strong 31% growth in total sales from January to April 2012, with 10, 633 units sold from the 8,119 in the same period last year. This is due to AVID’s consistent robust sales of Passenger Car (PC) models, registering an 85% increase in total PC sales—from 3,526 to 6,527 units sold in the first four months of the year.

This year, April’s overall total sales rose to 12% as more consumers purchased models in the PC segment. In the same period, PC sales alone recorded 55% growth, with 1,324 units sold versus the sale of 852 units in the same month last year.
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March 23, 2012

AVID Reports 46% Growth in February

AVID, the Association of Vehicle Importers and Distributors has reported total sales of 2,881 vehicles for the month of February. This represents a 46 percent growth year-on-year. Overall, the growth is largely driven by passenger cars which rose to 2,025 units from 934 units year-on-year.Overall, AVID members are positive about the rest of the year with new model launches (some of which will be launching at the upcoming Manila International Auto Show).

Here is the AVID sales breakdown between members for February:
  • British United (MINI) -  16 units
  • CATS Motors (Chrysler, Dodge, Jeep, Mercedes-Benz) - 60 units
  • HARI (Hyundai) - 2,369 units
  • Scandinavian Motors (Volvo) - 20 units
  • Motor Image Pilipinas (Subaru) - 73 units
  • TCCI (Chevrolet) - 318 units
Read the complete press release after the break.
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February 22, 2012

AVID Begins 2012 with 37 Percent Growth

Despite industry figures dipping 16 percent in January 2012, Members of the Association of Vehicle Importers and Distributors (AVID) reported a 37 percent increase.

AVID members sold a total of 2,526 units for the first month of 2012 driven mainly by passenger car sales which counted for 71 percent. Light Commercial Vehicles (LCV) contributed a 6 percent growth. The top AVID performer remained HARI. Hyundai Asia Resources, Inc., the official distributor of Hyundai cars in the Philippines contributed 20,297 units. Meanwhile, The Covenant Car Company, Inc., the official distributor of Chevrolet vehicles sold 2,763 units.

AVID members are: PGA Cars, Inc. (Audi and Porsche), Auto Ventures, Inc. (Chana and FAW), The Covenant Car Company, Inc. (Chevrolet), CATS Motors, Inc. (Chrysler, Dodge, Jeep and Mercedes-Benz), Foton Motor Philippines, Hyundai Asia Resources, Inc., Jaguar Philippines, British United (MINI) and Volvo.
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