Things are well with Hyundai Asia Resources, Inc. (HARI) as sales from January to April 2017 rose to 9%. The company tallied 11,362 units sold for the first 4 months of this year, which is 945 more compared to the 10,417 units of the same period in 2016.
Hyundai continues to pump up its market output for the past months. As a review, the Korean manufacturer was able to make it into the Association of Vehicle Importers and Distributors' (AVID) top brands for Q1. According to the group, Hyundai took the 1st place for the top selling brands of January to March period by registering 38% market share.
Hyundai claimed that the 4-month sales output was pushed by the 2,521 units sold in April – 22% of the total sales since January 2017. This was led by the brand's Passenger Cars (PC) segment, which grew by 10% from 7,073 units of January to April 2016 to the 7,753 units of the same period this year . It is still the Q1-leading Accent which led this segment as it amassed 5,162 sales since January to April 2017.
Tucson and H-100, on the other hand, front-runs the Light Commercial Vehicles (LCV) segment according to HARI. The Tucson registered a 17% increase in sales from 915 of January to April 2016 to 1,066 of same period this year. The H-100 also boosted its year-to-date sales from 565 of 2016 to 930 units this year. Overall, the segment totalled 3,609 units sold from January to April, which is 8% more from last year's output at the same period.
Figures may continue to grow for Hyundai as the Eon and H350 light commercial van are now domestically produced through it's Laguna assembly plant. It's quite possible that the establishment of Hyundai Assembly Center (HAC) could impact on HARI's future sales.
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