Hyundai reports 38% growth in PH sales

Hyundai Asia Resources Inc. on Thursday reported a 38.3-percent increase in sales in September to 830 units from 600 units in August on the back of easing health restrictions in the National Capital Region and the resulting boost in consumer confidence.

“We remain driven forward as we approach the finish line of yet another challenging year,” said HARI president and chief executive Ma. Fe Perez-Agudo.

“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,” she said.

The robust growth was fueled by the passenger car segment which rose 64.8 percent to 529 units from 321 units in August 2021. Sales of the locally-assembled Hyundai Accent increased 91.8 percent in September from the previous month.

Light commercial vehicle sales also increased 16.5 percent on the strong performance of the Hyundai H-100.

Topics: Hyundai Asia Resources Inc. , Philippine sales
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