Showing posts with label AVID. Show all posts
Showing posts with label AVID. Show all posts
January 31, 2020
Vehicle Importers See Full Year Sales Remain Steady in 2019
December 6, 2019
Vehicle Importers Say Year-to-Date Sales Still Down 3.3 Percent
The Association of Vehicle Importers and Distributors, Inc. (AVID) began the fourth quarter of 2019 with 7,320 units sold in October equivalent to a 5 percent gain versus the 7,000 units sold the previous month. Despite a slight dip of 3 percent or 71,396 units sold year-to-date (YTD) in October compared to the same period last year, AVID is optimistic that the auto industry’s performance will make headway in the last two months of the year.
August 30, 2019
Vehicle Importers Show Dip in 2019 Sales for First 7 Months
The Association of Vehicle Importers and Distributors, Inc. (AVID) says sales reached a total of 50,164 units for the first 7 months of 2019, a slight dip from the 50,505 units sold in the same period last year. In July alone, the AVID members reached 6,987 units—a 11 percent decrease.
July 15, 2019
Vehicle Importers See Vehicle Sales on Upward Trend in First Half of 2019
The Association of Vehicle Importers and Distributors (AVID) reports that its members showed a slight recovery in vehicle sales in the first six months of 2019. Sales during the first half of the year reached 43,333 units—a one percent increase over the same period last year.
July 2, 2019
Hyundai Philippines Ramps Up Support for EVs Out of Fear We Might Get Left Behind
Hyundai Asia Resources, Inc., (HARI), the exclusive distributor of Hyundai vehicles in the country is committed to ramping up the adoption of electrified vehicles out of fear that the Philippines will get left behind by its ASEAN neighbors.
May 24, 2019
Hyundai, Ford Drive AVID Sales for April 2019
The Association of Vehicle Importers and Distributors or AVID sold 7,259 units in April 2019, recording its best month so far this year as it grew by 12.1 percent compared to the same month last year.
April 29, 2019
Vehicle Importers Saw Q1 2019 Sales Decline 3 Percent
The Association of Vehicle Importers and Distributors (AVID) reports that First Quarter 2019 sales still fell 3 percent to 22,497 units compared to 23,038 during the same period last year. That said, the group saw March 2019 sales hit a positive 8 percent. The 7,952 units sold during the month is up compared to 7,380 units in 2018 indicating that the automotive industry is beginning to recover.
March 18, 2019
Vehicle Importers Sales Rebound in February, Posts 12 Percent Year-on-Year Growth
The Association of Vehicle Importers and Distributors, Inc. or AVID posted a healthy 12 percent year-on-year growth in sales for the month of February 2019 reaching 7,876 units from last year’s 7,017 units. The growth, AVID says, was driven by increased consumer spending and the launch of new and exciting products.
January 24, 2019
AVID Members Report 17 Percent Slump in 2018 Vehicle Sales
Due to the confluence of high inflation, rising borrowing costs, soaring oil prices, and tax hikes, the Association of Vehicle Importers and Distributors or AVID sold 88,700 units, a 17 percent full-year contraction from last year’s 106,285 units sold, with dismal performance across all segments.
November 3, 2018
AVID Members Sold 65,917 Units Sold from January to September 2018
Dampened by the high inflation, interest rate hike, and a surge in oil prices, the Association of Vehicle Importers and Distributors (AVID) sales witnessed a slowdown, recording 65,917 units sold, a 13 percent year-to-date decline from last year’s 75,949 units sold. In Q3 2018, the association slipped by 18 percent with 22,774 units sold against Q3 2017’s 27,605 units sold.
July 18, 2018
AVID Sales Down 11 Percent in First Half of 2018; Bullish on EVs and Hybrids for Second Half
The Association of Vehicle Importers and Distributors (AVID) sales momentum waned by 11 percent as it reported 43,138 units sold in the first half of 2018 from 48,344 units sold for the comparable period in 2017.
April 18, 2018
Vehicle Importers Also Hit with Lower Q1 2018 Sales
The automotive industry suffered a slowdown to the effects of TRAIN. Just as the CAMPI-TMA’s joint report indicates an 8.5 year-to-date (January to March) decrease in sales compared to the same period in 2017, the Association of Vehicle Importers and Distributors or AVID reports the same.
January 26, 2018
AVID Member Sales Breached 100,000 Units in 2017
The Association of Vehicle Importers and Distributors (AVID) sales closed the on a positive note as it recorded sales growth across all comparable periods, propelled by the strong consumer appetite ahead of the TRAIN implementation.
July 24, 2017
AVID Members Cap Off First Half 2017 with 6 Percent Growth
The Association of Vehicle Importers and Distributors posted a remarkable 6 percent growth in the first semester of 2017, pushing total sales to 48,348 units from 45,470 units over the same period in 2016. Quarter-on-quarter sales performance was likewise solid as it closed Q2 2017 with 25,031 units from 23,317 units in Q1 2017. The continued upsurge in AVID sales is only a testament of the burgeoning demand for imported vehicles in the Philippines.
April 13, 2017
AVID Members Record 10 Percent Growth in Q1 2017
The Association of Vehicle Importers and Distributors (AVID) closed the first three months of 2017 on a high note as sales picked up by 10 percent with 23,312 units sold versus the previous year’s 21,160. The continued uptick in industry sales is largely credited on the continued strong consumer appetite for vehicles.
January 19, 2017
AVID Caps Off 2016 with 60 Percent Growth
The Association of Vehicle Importers and Distributors (AVID) annual sales remarkably grew by 60 percent in 2016, totaling 93,179 units. Fourth Quarter sales capped off to an impressive year as it climbed by 26 percent with 24,434 units from 19,374 units in the same period in 2015.
May 3, 2016
AVID Sales Surge 151 Percent in Q1 2016
The Association of Vehicle Importers and Distributors (AVID) posted 151 percent growth in Q1 2016 against the comparable period last year, bringing the year-to-date sales tally to 21,160 units.
July 31, 2015
AVID Sales Surge 38 Percent in 2nd Quarter of 2015
Association of Vehicle Importers and Distributors (AVID) saw its sales climb by 38% in the 2nd quarter, registering 12,178 units versus 8,849 in the same period last year. First semester performance grew 15 percent to 20,626 for the first six months of the year. The remarkable surge in unit sales reflects the collective effects of strong consumer uptake and AVID’s incessant efforts in expanding avenues in which it engages its ever-evolving consumer base. Notably, AVID has welcomed Ford Group Philippines, the exclusive distributor of Ford vehicles in the country, into its fold as it continues to find ways of broadening its membership to advance its value contribution to the growth of the Philippine automotive industry.
July 20, 2015
Ford is Now Part of AVID
The Association of Vehicle Importers and Distributors (AVID), a non-profit business association of automotive importers and distributors founded in July 2010, welcomes a new member: Ford Group Philippines, Inc. AVID aims to promote the competitiveness of the Philippine automotive industry and boost its value contribution to the Philippine economy.
January 23, 2015
AVID Sales End 2014 with 13-Percent Growth
Association of Vehicle Importers and Distributors (AVID) saw its sales grow by 13% in 2014 to a total of 35,565 units versus the 31,399 units the group posted in 2013.
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