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September 17, 2017

Hyundai Philippines Sustains Sales Momentum in August 2017

Hyundai Asia Resources, Inc. (HARI), the official distributor of Hyundai vehicles in the Philippines, recorded 3,273-unit sales in August 2017, a 17 percent year-on-year growth from 2,798 units in 2016.

This propelled January to August year-to-date sales to 24,233 units – a growth of 9 percent from last year’s sales of 22,134 units. Sustained consumer appetite for HARI’s full model lineup and developments in product availability contributed to the company’s auspicious performance.

Accounting for nearly two-thirds of HARI’s total sales volume, the Passenger Cars (PC) segment grew by 2 percent from 2,087 unit sales in August 2016 to 2,122 unit sales this year. The sustained performance in this segment is largely attributed to the Accent which grew by 14 percent from 1,212 units in August 2016 to 1,383 units in August 2017.

Meanwhile, the Light Commercial Vehicles (LCV) segment posted a remarkable 62 percent growth in sales with 1,151 units. Credit goes to the H-100 which grew by 238 percent from 141 units last August 2016 to 477 units this August 2017.

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