Hyundai hikes up sales in July by 6%

August 9, 2014

Hyundai Asia Resources, Inc. (HARI), the official distributor of Hyundai vehicles in the Philippines has registered a promising 6% year-on-year growth in July to a total of 1,952 units.
Its positive sales track was sustained by brisk sales from the Passenger Car (PC) segment totaling 1,411 units in July, reflecting 33% growth in sales, which was led by the EON (191%) and the Accent (69%).  Total annual output of PCs has increased by 22% to a total of 9,307 units.
Despite the drop in Commercial Vehicle segment (LCV) sales, the Grand Starex picked up a 34% growth in sales for the month of July.
Overall, Hyundai’s sales tally for the first seven months of the year reached a total of 13,603 units or up by 6% compared to the same period last year.
“As Hyundai sales cruised through another month in a positive note, HARI is expected to maintain its solid pace for the remainder of the year buoyed by strong growth in the economy fueled by robust household consumption,” Said Ma. Fe Perez-Agudo, HARI President and CEO

About the Author

James Deakin
James Deakin is a multi-awarded automotive journalist located in Manila, Philippines. He has a weekly column in the Philippine STAR's motoring section, is a motoring corespondent for CNN Philippines and is the host of the Philippine motoring television show Drive, which airs every Sunday night at 10pm on CNN Philippines.