AVID Sales Up By 103% In The 1st Semester - Industry News
132 views · Published 19 August 2016 · 1:48 · Indexed 4 November 2026
Channel: Auto Focus · 2016 · Autos & Vehicles
The Association of Vehicle Importers and Distributors or AVID announced sales surged by 103% in the first half of 2016 hinging on the entry of new, innovative, and reasonably-priced models. The association believes that the growth will likely be the trend in the remaining months of 2016 with its products, incentives, and service. AVID said it registered 103% growth or 45,420 units in the first half of 2016 compared to the same period of 2015. Second quarter of 2016 sales alone expanded by 74% with 24,260 units compare to the previous year. Passenger Cars sold 16,618 units this year, which is an 87% rise from the 1st semester of 2015. Second quarter Passenger Car sales recorded a 93% growth with 6,021 units sold. The Light Commercial Vehicle segment, on the other hand, surged by 113% in first half of the year with 28,802 units versus the same period last year. This growth is said to be boosted by 16,054 units sold by Ford, which joined AVID in May 2015. In the 2nd Quarter of 2016 alone, the group managed to hit 15,251 units, which is 65% higher compared to the figures recorded last year.
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