Monday, July 20, 2015
Hyundai Philippine Sales Slip 6 Percent in 2nd Quarter of 2015
Hyundai Asia Resources, Inc. (HARI), the official distributor of Hyundai vehicles in the country, registered a 6 percent year-on-year decline in the second quarter of the year.
Unit sales dipped to 5,325 units from the recorded 5,668 units sold in the same period of the previous year. Meanwhile, year-to-date sales reached 10,689 units, 8 percent less from total 11,651 units sold in the first semester of 2014. Remarkably, month-on-month sales data posted a 10 percent growth, from 1,705 units to 1,883 units, ushering the brand’s more hyped up performance in the succeeding months in light of the expected release of new models such as the all-new Tucson and i20.
The Passenger Car (PC) category declined by 11 percent to 3,458 units in the second quarter as compared to the 3,892 units sold in the same quarter of 2014. On the other hand, Light Commercial Vehicles (LCV) increased by 5 percent to 1,867 units from the 1,776 units in the second quarter of 2014. Semestral figures show PC’s meek decline of 10%, while LCV contracted by 5 percent in the first semester of this year.