Wednesday, December 24, 2014
Hyundai Sales Increase 9 Percent January to November 2014
Hyundai Asia Resources, Inc. (HARI) continued to post positive growth as sales hit a total of 21,405 units in January to November this year, 9% higher as compared with the same period last year. In November, total units sold were 1,730, up by 1% year-on-year.
Hyundai’s positive growth rally was mainly buoyed by the Passenger Car category (PC) which posted a strong 23% year-to-date growth with 14,962 units sold from 12,174 units in the same period last year. HARI is confident it will gain higher sales in December driven by consumer demand and competitive promotions.
Light Commercial Vehicles (LCV) sales on the other hand grew by 5% equivalent to 567 units sold in November this year, in contrast to last year’s 540. To date, the category posted a 13% decline with 6,443 units sold as compared to the same period last year.