Friday, April 12, 2013
Hyundai Posts 4% Year-on-Year Growth in March
Hyundai Asia Resources, Inc. (HARI), the official distributor of Hyundai vehicles in the Philippines, posted a 4% year-on-year (YoY) growth in March 2013 compared to the same period last year.
Bouncing back from a supply-hampered February, Hyundai cars on both passenger and commercial vehicle fronts posted favourable numbers, with passenger cars (PC) registering a 2% growth to finish at 1,343 units vs. 1,316 in March 2012. The Light Commercial Vehicle (LCV) segment, meanwhile, also posted strong digits with 984 Hyundai LCVs rolling off showroom floors from 929 units in March 2012.
Month-on-month figures showed even more vigour, registering a 43% increase in March over February 2013. Leading the charge were Hyundai’s passenger car (PC) models which posted an impressive 63% growth over February 2013. Not to be outdone, LCV models bannered an equally remarkable 22% growth in the same period.
Leading the pack was an eclectic mix of vehicles ranging from the Eon sub-compact, the popular Elantra compact sedan, as well as Hyundai’s newest offerings, the Santa Fe SUV and Genesis Coupe sports car.