Thursday, April 19, 2018

44 Percent of Hyundai Philippines' Q1 2018 Sales is Just One Model


Hyundai Asia Resources, Inc. (HARI), the official distributor of Hyundai vehicles in the country bucks the TRAIN trend and actually grows passenger car sales for the first quarter of 2018.

Hyundai actually maintained its strong presence in the passenger car segment, growing it by 3.7 percent for the first quarter of 2018. With a total of 6,205 units sold, it contributed to more than two-thirds of HARI’s sales. Leading the pack is the Accent which moved over half of Hyundai’s total passenger car volume: 3,899 units.

However, light commercial vehicles slid 11.5 percent from 2,855 units to 2,526 units during the first quarter. This is attributed mainly to the slowing down of Starex and Santa Fe sales since these models are due for a refresh or full model change later in the year (the Santa Fe was previewed at the Manila International Auto Show).

Overall, HARI’s sales declined by 1.2 percent to 8,731 units from 8,841 units during the same period in 2017. It nonetheless makes Hyundai the third automotive brand in the country. Additionally, HARI’s March sales grew to 3,179 units which is a 20 percent jump from February’s 2,649 units—an indication of improving sales under the TRAIN law.

In a statement, HARI President and CEO Ma. Fe Perez-Agudo said: “Hyundai’s dynamism has shown no boundaries as it continues to beat the odds and hurdle any obstacles. First quarter sales remain firm and consistent with the trend in the industry, but we are expecting greater potential for the rest of the year. We are confident to continue this as we serve our customers with bolder, fiercer, unique and game-changing products and services.”

6 comments:

  1. Lahat naman ng hater dito either drives nothing or just own the lowest tier of cars around here. They spew hate while others strive and succeed. It just adds to their frustration

    ReplyDelete
  2. The top 3 PCs safety features leave something to be desired.

    Dual airbags only on top tier models (driver only, or in the case of Eon, none. You really need "nerves of steel", as advertised, if you ever drive one). Same case with ABS


    What's funny is that other makers have offered these as standard for a while now.

    Well, I guess third world countries don't want any of that safety b.s.

    ReplyDelete
    Replies
    1. Personally, I have high regard for safety and am shocked when I talked to some peasants who told me that safety isn't important, that it was just an added expense. Difference between a first world and third world people's mindset.

      Delete
  3. The lack of safety equipment for accent disgust me.

    ReplyDelete
    Replies
    1. Which is a shame, since Hyundai (safety features notwithstanding) offers good performing, not to mention good looking (e.g. Elantra, and the now defunct Grand i10 and i20 Cross) vehicles.

      Industry-leading unlimited 5-year warranty, too. That's certainly a statement on their product quality.

      What they need to realize is that none of those will matter in an emergency.

      Delete
    2. Korean products today are overpriced for what they offer.

      Delete

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