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HyundaiPH grows 39% in 1st quarter

Hyundai Asia Resources, Inc. (HARI), the official distributor of Hyundai vehicles in the country with sales growth of 39% for the first three months of 2016. Ending the first quarter with 7,469 units compared to the 5,364 units sold in the first quarter of the previous year.

The Passenger Cars (PC) segment surged by 42% or 5,186 unit in the 1st quarter over 3,653 units sold in the same quarter of last year. Light Commercial Vehicles (LCV) contributed substantially with 33% growth compared to the same period last year. On the other hand, quarter-on-quarter results showed a 23% pick up in sales for PC and a 99% increase for LCV.

“Hyundai’s 2016 exudes great potential with the country’s very rosy economic and industry outlook. We are confident as we continue to serve our customers with bolder, fiercer, and game-changing products and services.”- Ma. Fe Perez-Agudo, HARI President and CEO