Monday, November 19, 2012
Hyundai Enters Q4 with 13% Growth Fueled by Passenger Car Sales
Hyundai Asia Resources, Inc. (HARI), the official distributor of Hyundai vehicles in the Philippines, opens Q4 with overall sales up by 13% to 18,818 units sold from January to October, as opposed to 16,705 units in the same period last year. While total sales of the Light Commercial Vehicle (LCV) segment declined by 12%, vehicles under the Passenger Car (PC) segment hoisted sales with 11,593 units sold, 37% better than the 8,474 units sold from January to October in 2011. This positive performance was due to the impressive sales of the Accent and EON.
Meanwhile, October alone saw a drop in sales by 9% with 1,662 units sold, due to the delayed unit arrivals of some models, as compared to the 1,822 units sold in the same month last year. Although PC sales in this month experienced a slowdown in sales, LCV sales grew by 28% due to the timely arrival of units of the all-new Santa Fe.