MANILA, Philippines - With the entry of new exciting models, the Association of Vehicle Importers and Distributors (AVID) managed to grow its sales by 18 percent as of February or 5,866 units from 4,963 units in the same period last year.
In February alone, sales rose by 14 percent to 2,675 units, spearheaded by the Passenger Car segment which grew by 26 percent year-on year to 1,311 units. Hyundai led the charge, registering 41 percent growth as sales for Eon and Grand i10 stayed buoyant in February.
“Sparked by unified drive of providing quality brand innovations, we at AVID remain committed to deliver value-rich experiences through premium customer service and pioneering world-class products,†said Ma. Fe Perez-Agudo, president, Association of Vehicle Importers and Distributors, Inc. (AVID)
On the Light Commercial Vehicle front, laudable performance from Chevrolet, Subaru and Mini contributed to the segment’s healthy sales of 1,364 units in February, 5 percent higher than the 1,295 units posted same month last year.
As the prospects for the economy remain rosy, the automotive industry will continue to enjoy brisk consumer demand and flexible financing packages that will favor the association’s growth expectations this year.