
Hyundai Asia Resources, Inc. (HARI), the official distributor of Hyundai vehicles in the country, continues to accelerate its pace as it obtained a 33% year-on-year sales growth this October. This progress made an impact to the year-to-date sales, which accounted to 12% increase from 27,483 to 30,717 units sold this year.
“As the Season of Giving approaches, Hyundai is thrilled to offer our consumers exciting new offerings and value for money deals. We are committed to put our efforts in full swing through modern premium products and customer service.”
The surge of this year’s Hyundai sales performance was attributed by the demand of Passenger Cars (PC) segment, which boosted the year-to-year sales from 1,726 to 2,113 units. The main contributor to this notable improvement was the Accent, marking an 88% rise of 1,424 units compared to 758 vehicles registered on the same month last year.
On the other hand, sales of the Light Commercial Vehicle (LCV) segment escalated to 57%, selling 1,153 units this year. In fact, the H-100 model recorded an increase of 117% year-on-year with 366 units compared to last year’s 169 units sold.
Moreover, the Philippine’s gross domestic product (GDP) exceeded expectations as it marked a 6.9% growth during the 3rd quarter of 2017 – highest among the past three quarters. With the strong economic growth in the country, automotive industry is said to play an important role in intensifying the consumer appetite for goods, such as vehicles.
Latest News
-
2019 Toyota Hiace makes global launch in the Philippines / News
Armed with its new look, will the 2019 Hiace continue to be the best-selling van in the country?
-
Mitsubishi Motors helps build a public school / News
Mitsubishi commits to spurring development in the ASEAN region with a public school building.
-
2020 Mitsubishi ASX looks like a mini-Montero Sport / News
The 2020 Mitsubishi ASX will continue to sell after a little nip-and-tuck.
Popular Articles
-
Cheapest cars in the Philippines for 2018
Nico Ylanan · Nov 06, 2018
-
Editor Speaks: Best automatic cars in the Philippines
Nico Ylanan · Nov 12, 2018
-
How does park assist work?
Nico Ylanan · Nov 21, 2018
-
Most fuel efficient SUVs in the Philippines
Nov 26, 2018
-
2018 Toyota Rush stirs bold-looking MPV segment in PH
Jacob Oliva · May 04, 2018
-
Family cars in the Philippines with the biggest trunks
Nico Ylanan · Nov 14, 2018
-
Head to Head: Toyota Fortuner Vs. Nissan Terra
Nico Ylanan · Jun 01, 2018
-
4 mistakes people do before buying their first car
Jacob Oliva · Nov 26, 2016
-
2019 Suzuki Jimny is H2 and G-Class in one tiny body
Dan Pabustan · Jun 18, 2018
-
Can the 2018 Mitsubishi Xpander really replace the Adventure AUV?
Jacob Oliva · Mar 02, 2018