HYUNDAI REPORTS 19% SALES GROWTH IN MARCH

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HYUNDAI Asia Resources Inc. (Hari), distributor of Hyundai vehicles in the Philippines, said it experienced a 19-percent growth in March as it sold 2,030 units for the month, compared to its February figures of 1,710 units. Hari said its gains in March pushed its three-month sales to grow 1 percent to 5,983 units against last year’s first-quarter sales of 5,951 units.

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Hyundai’s month-on-month strong performance was buoyed by both the Passenger Car (PC) and Light Commercial Vehicle (LCV) segments, according to Hari. It added that leading the overall charge was the PC segment with March sales of 1,393 units and year-to-date sales of 4,004 units, translating to increases of 20 percent and 18 percent.

A strong finish in Hyundai’s Elantra and Accent sales in March helped propelled growth in the segment. Bouncing back from its steady decline, the Elantra experienced a 30-percent growth in March with sales of 112 units. The Accent posted a 89-percent growth, bringing its monthly sales tally to 600 units.

Despite delays in arrivals of stocks, Hari said its LCVs racked up sales of 2,030 units, up by 19 percent versus February sales of 1,710 units. Boosting the LCV grip, Hyundai’s premium models—Grand Starex and Tucson—notched up growth of 42 percent and 14 percent compared to February’s sales performance.

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