HYUNDAI Asia Resources, Inc. (HARI) posted a 38.3% month-on-month sales growth in September as health restrictions were eased in the National Capital Region and lifted consumer confidence, the official distributor of Hyundai vehicles in the Philippines said on Thursday.
In a statement, the company said the “robust” growth was largely due to the 64.8% increase in passenger car sales, with the locally assembled Hyundai Accent taking the lead with a 91.8% growth.
The vehicle distributor did not include year-on-year figures nor sales numbers in its media release.
“With news regarding the further decline of infections and the lowering of health-related restrictions in the country by the end of this month, we can look forward to providing our customers better journeys this holiday season,” said HARI President and Chief Executive Office Ma. Fe Perez-Agudo.
Light commercial vehicles came out second with a 16.5% growth, which the company attributed to the strong showing of the Hyundai H-100.
“Hyundai’s tough and versatile workhorse, a best-seller among the country’s growing SME community, upped its sales by 53.3% versus the previous month,” it said.
Sales of commercial vehicles fell by 50%, which the company attributed to “the lingering effects of the August lockdowns, including delays in the local production of the Class II and Class III Modern Jeepneys that use the Hyundai HD50S chassis.”
Ms. Perez-Agudo said the company remains “driven forward as we approach the finish line of yet another challenging year.”
