AVID vehicle sales up 27% as of July

The Association of Vehicle Importers and Distributors, Inc. (AVID) reported Thursday a 27-percent year-on-year increase in vehicle sales in the January-July period amid an upbeat domestic economy.

AVID reported that combined sales of passenger cars and light commercial vehicles of its members reached 18,017 units in the first seven months of 2012 from 14,195 units in the same period last year.

In the same period, the passenger car segment boosted overall sales, which grew by 52 percent to 10,906 units from 7,180 units sold last year.

July alone registered a growth of 19 percent in aggregate sales of passenger cars and light commercial vehicles to 2,218 units from 1,871 units sold in the same month last year.

“Riding on the momentum of an upbeat business and economic landscape, AVID members, with their roster of sellable quality models, have maintained highly competitive sales figures versus overall industry sales. Marked by sustained marketing efforts and excellent customer service, AVID expects to hit even better numbers for the remaining five months of 2012,” AVID president Ma. Fe Perez-Agudo said in a statement.

AVID members are Mini Cooper distributor British United Automobiles, Inc.; Mercedes Benz distributor CATS Motors, Inc.; Hyundai Asia Resources, Inc.; Volvo distributor Scandinavian Motors; Subaru distributor Motor Image Pilipinas, Inc.; and Chevrolet distributor The Covenant Car Company, Inc. (TCCCI).