HARI SALES EXPAND 6% IN 1ST SEMESTER OF 2017

the official distributor of Hyundai vehicles in the Philippines, once again breached the 3,000 mark by closing June semester sales to 17,364, up by 6 percent compared to the 16,362 units sold in the same period of 2016. performance is its volume driver, the passenger cars segment, which grew by 7 percent from 11,207 units in units in the same period of the brand’s top-selling nameplate, with 7,711 six months of 2017. The light commercial vehicles segment was not to be outdone sales reached 5,327 units, a 3-percent increment from the previous year’s 5,155 units. Growth in this segment was largely attributed to high pick up for the brand’s utility truck, the H-100. half of 2017 is a strong testament to the impact we have set in the hearts of the - tive market, together with our high-quality, best-in-class, and customer-focused products and services, keep us on track for another record-breaking year,” said

Sales and economic outlook

Philippine gross domestic product (GDP) grew slower than expected at 6.4 percent in projected 6.5 percent to 7.0 percent by the government but still placing ahead of oth was mainly from the slowdown in the implementation of infrastructure projects and the high base effect from the election second quarter GDP is projected to remain within the 6.5-percent to 7.0-percent rate as increased infrastructure spending continues to fuel economic activity.

stable prices, and low oil prices from increased oil production would allow the Philippines to continue offering good opportunities in the automotive market. - dai in reaching its full potential in sales and achieving another milestone year.