• HARI SALES REMAIN BUOYANT WITH 9% GROWTH

    “Our auspicious performance in the first four months of 2017 validates the Filipino’s growing endearment towards the Hyundai brand. This only inspires us to give nothing but top-notch quality products and services to our customers.”

    - Ma. Fe Perez-Agudo, HARI President and CEO

     

     

    Performance and Drivers

     

    Hyundai Asia Resources, Inc. (HARI), the official distributor of Hyundai vehicles in the Philippines, recorded 2,521 unit sales for the month of April—a feat considering there were …

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  • Hyundai Asia Resources, Inc.: HMC Global Distributor of the Year 2016

    HMC Vice-Chairman Mr. Euisun Chung (extreme left) presented the HMC Global Distributor of the Year 2016 to the HARI Board of Directors (L-R) President and CEO Ma. Fe Perez-Agudo, Chairman Edward S. Go, and Chairman Emeritus Richard L. Lee.

     

    May 10, 2017, Seoul, Korea—“We celebrate 50 years of our brand, 50 years of redefining mobility through customer-driven innovation, 50 years of caring for Man and Planet. Cheers to 50 years more of our brilliant journey together!” declared Hyundai Asia …

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  • RECORD-HIGH MARCH SALES PUSH HARI Q1 GROWTH TO 18%

    “With our recent achievements, we expect to ride on the crest of a new wave of automotive resurgence in 2017. Through innovation and relentless pursuit of our customers, we are confident that we will continue to forge new ground, one milestone at a time."

     

    - Ma. Fe Perez-Agudo, HARI President and CEO

    Performance and Drivers

     

    Hyundai Asia Resources, Inc. (HARI), the official distributor of Hyundai vehicles in the Philippines, closed March 2017 with record sales of 3,371 units—the highest …

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  • Hyundai puts the cool in Summer with DEALights Promo

    Not only is it more fun in the Philippines—it gets hotter every summer! It is always the perfect time to hit the beach, cool off in the mountains, or explore the provinces for local festivals. On the other hand, it’s also the time when the temperature can make people cower in the air-conditioned comforts of their homes or cars. A 2-minute walk to the bus station or a short queue for a cab can make you feel feverish and sweaty as if you just ran a marathon.

    The good news is--Hyundai cools your …

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  • Hyundai Makes a Customer’s Dream Come True

    TAGUIG, Philippines - Hyundai Asia Resources Inc. (HARI), the Philippines’ official distributor of Hyundai passenger and commercial vehicles, recently awarded Marchey Ann de Jesus, the lucky winner of Hyundai’s PASKOtse promo with a brand-new Elantra.

     

     

    HARI’s Numeriano Cortez Jr., Senior Vice President for Trade Operations & Development, and Victor Vela, Senior AVP for Sales Planning, personally handed- over the key to at the Hyundai Headquarters where her dream car was waiting for …

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First Semester 2011 Hyundai Sales up by 5%, Boost from 18% Growth in Passenger Car Sales - Up for a Strong Year-end Finish

 

“As we continue to institutionalize Hyundai’s global dealership standards among our dealers across the country, we are confident that it will further enhance total customer experience with our brand and ultimately keep us on an upward track in our sales growth and sustain market leadership in specific segments of the domestic automotive industry.”

 

Maria Fe Perez-Agudo

President and CEO,

Hyundai Asia Resources, Inc.

 

Performance

Hyundai caps the first semester of 2011 with a 5% growth in total sales or 10,355 vehicles in the passenger car (PC) and light commercial vehicles (LCV) categories. This was largely driven by the 18% rise in PC sales to 4,726 units from 4,004 units sold in the same period last year. LCV sales slipped 3% on the back of supply shortage resulting from strong global demand, particularly for the Tucson and Starex models.

In June, Hyundai PC sales peaked to 1,415 units from 871 units in the prior year or 62% growth. Total sales in both PC and LCV categories hit 13% or 2,293 units.

 

Drivers

The 5% sales growth in the first semester of 2011 was due to the expanding market acceptance of the new Accent, Elantra, and Sonata models, including the H-100 and Santa Fe models. Inspired by the New Thinking New Possibilities paradigm, HARI’s marketing campaigns across the archipelago effectively raised brand awareness and reputation in the buyer community.

This month’s growth is an affirmation of Hyundai’s relentless pursuit to push the standard of the Filipino car-buying experience at the dealerships with the ongoing rollout of the Hyundai Global Dealer Enhancement Program - Phase 2 or DEP2. Hyundai dealerships in the country are getting global quality makeovers. Customers raring to buy Hyundai’s best-in-class automobiles are treated with equally world-class showroom spaces.

 

Outlook

HARI maintains its positive sales outlook for the second semester considering: 1) a bullish investment climate revved up by Moody’s investment upgrade of the Philippine’s credit rating from Ba3 to Ba2 and steady interest rates despite higher inflation; 2) increasing remittances and strengthening peso on encouraging developments from Europe, MENA and Japan; 3) expected increase in consumption demand as the holidays are approaching accompanied by the Philippine government’s resolve to increase infrastructure and social spending; and 4) aggressive customers warming up to the Hyundai brand and expectant of new models to be launched by HARI as it celebrates its 10 years in the industry.

 

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