Friday, November 21, 2014
Hyundai Sales Up 18 Percent in October
Hyundai Asia Resources, Inc. (HARI), the official distributor of Hyundai vehicles in the Philippines, saw its sales accelerate to 1,982 units for the month of October, reflecting solid growth of 18% year-on-year. To-date, sales reached a total of 19,675 units for the first 10 months of the year, up by 10% from the same period last year.
Hyundai’s positive sales pace was attributed by the strong showing from the Passenger Car category (PC). The category posted 33% percent gain in sales to 1,476 units. The double-digit growth in PC cars was propelled by Hyundai’s top selling models EON, i10 and Accent. Accent registered the highest sales in the category with a total of 667 units sold in October. From January to October, PC category marked 25% increase in sales to 13,799 units versus the 11,002 units sold during the same period last year.
Light Commercial Vehicles (LCV) sales, however, declined by 12% versus its year-ago levels. The LCV category sold 506 units in October compared to the 576 units sold last October 2013. Sales for the Tucson swayed the over-all trend in the LCV category as the model managed to grow by 29% year-on-year.