HARI GROWS 12% NOV YTD WITH GRAND STAREX, ACCENT
“2017 proved to be upbeat for Hyundai, reflecting our driven and empowered industry. We expect to maintain this growth momentum, thereby contributing to the overall growth of the economy for 2017,” said Ma. Fe Perez-Agudo, Hyundai Asia Resources Inc. (HARI) president and CEO.
HARI, the official distributor of Hyundai vehicles in the Philippines, registered positive year-to-date growth in the passenger car (PC) and light commercial vehicle (LCV) sales, growing by 12 percent from 30,469 units sold in January-November 2016 to 34,025 units sold in January-November 2017.
Further breaking it down, within the said period, the PC segment grew by 7 percent from 21,637 to 23,167 units sold, with top-selling Accent at the forefront with a phenomenal 34 percent growth from 11,156 to 14,899 units sold.
Likewise, LCV sales rose by 23 percent, from 8,832 to 10,858 units sold.
Biggest contributor
Flagship vehicle Grand Starex remained the biggest contributor with 14 percent growth, from 3,371 to 3,832 units sold.
Meanwhile, the trusty H100 made a huge comeback with 59 percent growth, from 1,927 units to 3,066 units sold, capping the segment’s impressive performance and underscoring Hyundai’s commitment to empower local entrepreneurs with reliable and versatile mobility solutions.
Outlook
The Philippine economy surpassed expectations in Q3 growing by 6.9 percent, the fastest in the year, on the back of increased public spending and furthered by advancements in the service and industry sectors.
Given this bright prospect, HARI expects to close 2017 with combined PC and CV sales of 37,500 units, solidly contributing to the automotive industry’s yearend target of 450,000 units.