Hyundai Asia Resources, Inc. (HARI), the distributor of Hyundai locally had impressive sales showing a 13% quarter-on-quarter increase in the third quarter of this year. Unit sales jumped to 6,014 units from the 5,325 units sold in the 2nd Quarter of this year. Even though year-to-date sales slowed to 16,703 units, 6% less than 17,693 units sold in 2014, year-on-year figures posted 0% growth in Q3 2015, from 6,014 units to 6,042 units in a comparable period last year.
The Passenger Car (PC) category grew by 24% to 4,283 units in Q3 2015 versus the 3,458 units sold in Q2 2015, attributed to the strong sales of the Eon and Accent. On the other hand, Light Commercial Vehicles (LCV) for the third quarter of 2015 dipped by 7% to 1,731 units from the 1,867 units in the second quarter of 2015. Year-on-year sales show PC’s slight decline of 3%, while LCV group grew by 7% in Q3 2015.
“With the holiday season fast approaching, Hyundai is strengthened to delight the Filipino market with unwavering customer service on top of a product line-up tailor fit to their changing lifestyle amid the heightened competition in the automotive arena.” – Ma. Fe Perez-Agudo, HARI President and CEO