Hyundai Philippines Lcv & Cv Sales Grow 12 Pct Inwards Cause Ix Months Of 2019

Key trace of piece of job concern segments of Hyundai Asia Resources, Inc. (HARI), namely Light Commercial Vehicles (LCV) as well as Commercial Vehicles (CV), grew past times 12 per centum inwards the starting fourth dimension nine months of the twelvemonth or 11,659 units sold on the dorsum of lower inflation, increased authorities spending, as well as a total line-up of character SUVs, Vans, Trucks, as well as Buses.

The LCV segment continues to hold upwards the principal growth driver for HARI. Compared to the same menstruum inwards 2018, the starting fourth dimension nine months of 2019 saw the LCV trace of piece of job concern expand past times nine percent, from 10,061 units to 10,972 units sold. This was fueled past times the No. 1 subcompact SUV Kona as well as lite truck H-100 whose sales grew past times 128 per centum as well as 52 percent, respectively. Sales of the premium mid-sized SUV – the Santa atomic position out 26 – too grew past times nine percent.

HARI’s aggressive expansion into the Commercial Vehicle (CV) segment, marked past times the institution of to a greater extent than dedicated dealerships, has reaped dividends for the company. CV sales to a greater extent than than doubled from terminal year, hitting close 700 units sold. CV sales are expected to hold upwards boosted amongst the company’s rigid participation inwards the government’s Public Utility Vehicle Modernization Program (PUVMP) through the Hyundai Modern Jeepneys.

Recently, the Hyundai H-100 Class 1 Modern Jeepney as well as the Hyundai HD50S Class 2 Modern Jeepney received Certificates of Compliance (COC) from the DOTr.

“The Hyundai Modern Jeepney fuses Korea’s cutting-edge technology as well as Filipino ingenuity. We are e'er thinking of to a greater extent than innovative mobility solutions amongst the aim of making people’s lives easier,” HARI President as well as CEO Ma. atomic position out 26 Perez-Agudo said.

Year-to-date September, sales of Passenger Cars (PC) hitting 13,103 or a xv per centum decrease compared to the same menstruum terminal twelvemonth every bit the fellowship continued to consolidate inwards this segment. The Company added that spell at that spot has been a marked alter inwards consumer preference towards SUVs as well as MPVs, sales of Hyundai’s nub PC models stay strong, driven past times the Reina as well as the best-selling Accent. The 2 models lone trace of piece of job concern human relationship for over one-half of Hyundai’s sales.

“This twelvemonth has been characterized past times highs as well as lows every bit the automotive manufacture continues to recover. Beyond external factors, nosotros believe that sales volition entirely amend inwards the coming months every bit nosotros innovate to a greater extent than products as well as services that are relevant to our customers spell redefining vehicle ownership,” Ms. Perez-Agudo said.

Recently, Hyundai rolled out around other manufacture first, the 5X5 drive which offers the longest inclusive Preventive Maintenance Service (PMS) parcel (Free 5-year PMS or upwards to 100,000-km, whichever comes first) for every buy of a Hyundai Tucson, Santa Fe, or Starex. This was followed past times the Super Sais promo that provides gratis vi months PMS for the H-100.