Hyundai Philippines Sold Roughly 3,000 Units Final Month

Hyundai Asia Resources, Inc. (HARI), revealed that they’ve sold 2,856 units inwards October—a 17.4 per centum growth versus September. Despite the increase, it’s withal a six per centum dip or 27,618 units sold inwards the commencement 10 months of the yr versus the same catamenia inwards 2018.

“While nosotros don’t compete inwards about segments of the marketplace (e.g. pick-ups), our volumes stay strong, underpinned past times the character of our vehicles too our focus on splendid after-sales services. Our models per segment stay competitive too this bodes good for the Hyundai construct inwards the Philippines,” HARI President too CEO Ma. atomic break 26 Perez-Agudo said.

For the calendar month of Oct versus September, Light Commercial Vehicle (LCV) sales grew past times 22.7 per centum to 1,359 units sold fueled past times the Hyundai Kona too Hyundai H-100, which are the best-selling models inwards their respective segments. Year-to-date Oct 2019, LCV sales grew past times 1.5 per centum amongst 12,331 units sold.

Month-on-month, Passenger Car (PC) sales grew past times 13.7 per centum to 1,457 units amongst increased sales of the Hyundai Reina too Accent. The Reina, which was exclusively launched inwards Feb this year, is immediately a company No. two inwards its segment inwards damage of sales. Meanwhile, the Accent remains the book driver for the society amongst its fuel efficiency too style. YTD-October PC sales hitting exclusively 14,560 units reflecting an industry-wide decrease inwards this sector equally consumer preferences were skewed towards larger vehicles.

While HARI’s CV sales dropped past times near seven per centum inwards October, sales inwards the commencement 10 months of the yr were robust posting an 86.6 per centum increment equivalent to 727 units sold. Hyundai Buses (e.g. Hyundai County) spearheaded this growth. The society expects fifty-fifty higher sales amongst the roll-off of its commencement Class two Modern Jeepney recently.

“With DOTr’s back upward too high involve from carry cooperatives, our Modern Jeepneys volition contribute to our growth over the medium-term. We are excited to laissez passer on Filipino commuters the novel King of the Road,” Ms. Agudo said.

“Combined amongst the acceleration of the government’s infrastructure projects, our CV concern is poised to expand too render fresh avenues of growth,” Ms. Agudo ended.