Hyundai sales up by 16% in 2 months

Hyundai Asia Resources, Inc. (HARI) reported strong sales in the first two months of the year with a total of 6,537 vehicles sold, a significant 16.2 percent increase from last year’s 5,624 units over the same period.

In February, Hyundai’s sales surged by 38.6 percent to 3,715 units.

Hyundai’s Passenger Car (PC) segment improved following the release of the Reina and the New Accent. After 10 months, the segment managed to once again breach the 2,000 monthly unit sales mark, selling a total of 2,047 units in February 2019.

This is a 4.1 percent growth compared to the 1,966 units sold in the same month last year.

In the first month of its release, the Reina has already contributed to 23.7 percent of the brand’s total PC sales with its superior value proposition.

This brings total year-to-date February PC sales to 3,490 units.

The Light Commercial Vehicle (LCV) segment, meanwhile, continued its good performance, growing by 131 percent in February 2019 with 1,578 units compared to the 683 in the same month of 2018.

The H-100 emerged as the primary driver in this segment as customers bought 1,332 units.

Overall, the LCV segment continues to drive the brand’s growth with a total of 2,893 units sold for the first two months of 2019, or an 86.6 percent growth from the same period last year.

In the Commercial Vehicle (CV) segment, Hyundai’s trucks and buses are becoming known for their toughness, versatility, and cost-efficiency, making them a favorite among business owners.

The total sale of the Hyundai trucks and buses grew 113.9 percent and 190.3 percent for the year-todate and year-on-year figures, respectively.