Hyundai strikes gold; May sales up by 29%

By MUMLOLOUK payday loans

18 June 2012

Hyundai strikes gold; May sales up by 29%

 
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Hyundai Asia Resources, Inc. (HARI) has done it again. In just the five months of the year, the exclusive distributor of the Korean automaker in the Philippines managed to sell 10,395 units, which is a whopping 29% jump over the 8,062 they achieved in the same period last year. Looks like they're really giving Mitsubishi a run for their money.
 
Astoundingly, more than a year since it was launched, the Accent is selling better than ever. They now average 674 units a month compared to the 345 per month in 2011, translating to a 95% jump. Likewise, the combined figures of the i10 and the all-new EON were boosted by 186%. But what really blows our mind is that their Compact Passenger Car sales shot sky high by 393%. They were only moving 95 units in May of 2011, but Hyundai sold 432 units last month alone. If you think about it, the only Compact Passenger Car they have locally is the all-new Elantra, which is the Philippines' 2011 - 2012 Car of the Year. Not bad, Hyundai. Not bad at all. 
 
“As we step into the third quarter, we remain optimistic that our best-selling and newly-launched models will sustain their vigorous performance, helped by continued positive consumer sentiment encouraged by stable and strong macroeconomic fundamentals," said Ma. Fe Perez-Agudo, HARI President and CEO.
 
Not everything, however, is in the green for Hyundai. Sales of their Light Commercial Vehicles (LCV), such as the Grand Starex and H100, dipped by 20% compared to 2011. Still, the performance of their Passenger Cars was so strong that it more than managed to offset this deficit.
 
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