AVID RECORDS 10% SALES GAIN ON THE FIRST QUARTER OF 2017
The Association of Vehicle Importers and Distributors or AVID closed the
first three months of 2017 on a high note as sales picked up by 10% with
23,312 units sold versus the previous year's 21,160. The continued uptick
in industry sales is largely credited on the continued strong consumer
appetite for vehicles.
For the first quarter of 2017, the Passenger Car segment sales rose by 21%
to 9,242 units sold from 7,609 units sold a year earlier. The group's
impressive performance is spearheaded by Hyundai, which managed to sell
5,986 units.
On the other hand, the Light Commercial Vehicle segment sold 14,070 units
on the first quarter of the year, with a 4% increase compared with 13,551
units sold a year ago. The group's sales expansion from January to March
2017 is led by Ford, which recorded 7,586 units sold.