Hyundai PH reports 5% sales increase in June

MANILA: Hyundai Asia Resources, Inc. (HARI) recorded a 5% sales increase for June 2021 versus the previous month. This figure is a positive indicator of increased activity in the economy as June is the first full month of post-ECQ status in the NCR+ region.

The commercial vehicle (CV) segment achieved a 40% increase in sales. Meanwhile, the passenger car (PC) segment reported 6.7% growth and the light commercial vehicle (LCV) sales increased by 1.6%.

The locally assembled Hyundai Accent led PC sales with 13.6% growth rate.

The Hyundai Tucson emerged as the best-selling LCV for the month of June, with 33.3% sales growth rate. It was followed by the Hyundai Grand Starex which recorded an 11.9% sales increase.

In the CV segment, the Hyundai HD50S provided the momentum with 75% month-on-month sales growth rate. The HD50S was used in HARI’s contribution to the government’s PUV Modernization Program (PUVMP). The year-to-date sales of the HD50S increased by 775.8%, helping the segment’s sales performance improve by 454%.

In a statement, HARI President and Chief Executive Officer Ma. Fe Perez-Agudo said, “HARI’s steady growth mode is a sign of how we, shoulder-to-shoulder with our nationwide dealership fortress, have grown in resilience through our 20-year journey as the Filipino’s lifetime partner in mobility. We are definitely driven to start a new chapter of HARI history, which may be the toughest one yet—recovery on to achieving equilibrium in the new normal era. Thanks to the people of Hyundai, we’ll get there.”

Photo from Hyundai Philippines

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