The Association of Vehicle Importers and Distributors (AVID) is having a blast this 2012 as they record yet another great month of sales. Last July, six of its members sold a combined total of 2,128 units, which is a remarkable 19% growth over the same month last year. On a year-to-date basis, this sums up to 18,017 units sold and earns AVID a 27% growth from the 14,195 units sold in the same period last year. Even more impressive is the fact that they were able to surpass the overall industry's growth of 11%.
While the rest of the Philippine automotive industry declined by 1%, the Association of Vehicle Importers and Distributors (AVID) enjoyed a strong start for the second quarter of 2012 with a 31% growth. From January to April of this year, AVID members were able to sell a total of 10,633 units, compared to the 8,119 in the same period last year. On top of that, April's overall total sales also rose by 12% versus the same month in 2011.
If you think that the endless increase in fuel prices, worsening traffic jams, and high toll fees would actually deter anyone from buying a new car, well you're wrong. Despite all the odds, the Association of Vehicle Importers and Distributors (AVID) managed to report a 46% sales growth in February 2012 over the same period last year. Collectively, AVID members sold 2,881 vehicles, compared to the 1,971 units in the same month last year.
The Association of Vehicle Importers and Distributors (AVID) looks to end the year on a high note after recording a successful 43% growth in November 2011. Sales grew to 2,672 units from 1,872 in the same period last year with help from the flourishing Passenger Car (PC) and Light Commercial Vehicle (LCV) categories, which on their own, expanded by 79% and 3% respectively. And when compared to numbers from the previous month, there was a 19% rise in November with 2,672 units sold, which is still 418 more than October.
This brings AVID's cumulative sales for the first 11 months of 2011 to 23,012 units, translating into a 4% growth over last year and surely beats the industry's 1.1% decline.