AVID sales up 21% in June

MANILA, Philippines - In June, the Association of Vehicle Importers and Distributors (AVID) registered total sales of 2,973 units, up 21 percent from 2,447 units sold in the same month last year. This led to first semester growth of 17 percent or a total of 17,902 units, driven by the marked performance of both the Passenger Cars (PC) and Light Commercial Vehicles (LCV) segments.

The PC segment saw its sales grow by 22 percent year-on-year in June to a total of 1,515 units, boosted by sustained sales from Mini, CATS Motors and Hyundai. This led to first semester sales growth of 16 percent or a total of 9,061 units.

On the other hand, the LCV segment continues to be in full swing, reinforced by the stellar performance of Chevrolet with 128 percent growth in its LCV sales for the month of June. LCV sales in the first half of the year totaled 8,841 units, up by 18 percent from the same period last year.

“Following its winning streak in the first half of the year, AVID expects to keep its sales track upbeat towards the end of the year as we continue to differentiate our brands towards increased customer satisfaction with our excellent product and service offerings and customer engagement initiatives,” said Ma. Fe Perez-Agudo, president, Association of Vehicle Importers and Distributors, Inc. (AVID)

The automotive industry is seen to be buoyant until year-end, as prevalent strong vehicle demand and attractive product offerings support growth.