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May 14, 2012

Hyundai Kicks-Starts 2nd Quarter with Strong 35% Growth

Hyundai Asia Resources, Inc. (HARI) starts the second quarter with a 35% growth in total sales for the period of January to April 2012. This was brought about by the 113% rise in Passenger Car (PC) sales—from  2,534 units sold in the first four months of 2011 to 5,396 units sold in the same period of this year. Models in the PC segment such as the i10, Accent and Elantra increased the overall boost in sales. The entry of the new Eon in April likewise generated increased interest in Hyundai vehicles. 

April 2012 sales likewise showed an 11% growth in total sales, with a sale of 1,099 units this year from 645 units sold in April 2011. While PC models continued to drive favorable sales performance, there was a slowdown in  Light commercial vehicle (LCV) sales due to delayed arrival of shipment.

HARI enters the second quarter of the year on a positive note with sustained optimistic consumer outlook. According to Nielsen’s Global Consumer Index, the Philippines placed in the top 11 of most optimistic countries in the world. The Philippine economy is expected to remain on track this year on the back of higher public infrastructure spending and improved investor confidence against the short-term challenges of global uncertainties, particularly in the Euro zone.

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