Compact Cars Drive Vehicle Sales Up

VEHICLE sales of a group of importers climbed in the low double-digits last month on the back of brisk demand for passenger cars.

In a statement, the Association of Vehicle Importers and Distributors Inc (AVID) said its member-companies sold 2,675 units in February, 14 percent more than the 2,338 last year.

Last month’s performance brought the year-to-date tally to 5,866 units, up 18 percent from the 4,963 sold in the same two months of 2013.

Driving sales last month was the 26-percent increase in the number of passenger cars sold at 1,311 units from last year’s 1,043.

AVID attributed the uptick to sales of the Eon and Grand i10 models of Hyundai Asia Resources Inc (HARI).

The light commercial vehicle segment registered a slower five percent sales uptick at 1,364 units from last year’s 1,295.

“Sparked by unified drive of providing quality brand innovations, we at AVID remain committed to deliver value-rich experiences through premium customer service and pioneering world-class products,” the group’s president, Ma. Fe Perez-Agudo, said.