• DOST-SEI Cites HARI Foundation Efforts in Science Awareness and Education

      HARI Foundation, Inc. (HFI), the corporate social responsibility (CSR) arm of Hyundai Asia Resources, Inc. (HARI), was recognized as a valuable partner of the Department of Science and Technology- Science Education Institute (DOST-SEI) in actively creating awareness on the causes and effects of global warming and climate change, and in promoting the value of climate and marine science as a field of study among the youth.   HFI Executive Director Renato Pizarro (extreme right) received the …

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  • Hyundai Champions Revitalized Interest in Philippine Natural History

    The Hyundai Philippines Entrance Hall is poised to welcome a new generation of visitors to the newly renovated National Museum of Natural History, proud repository of the country’s rich scientific and cultural past.   September 30, 2017, Rizal Park, City of Manila. The Hyundai Philippines Entrance Hall welcomed VIP guests, donors, and stakeholders to the inauguration of the newly renovated National Museum of Natural History (NMNH), the proud repository of the country’s rich scientific and …

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  • Hyundai Launches a Digital Art Competition for Filipino Creatives

    Hyundai Asia Resources Inc. (HARI), the Philippines’ official distributor of Hyundai vehicles, embraces innovation that goes beyond vehicle technology. This extends to supporting Filipino artistry as an expression of HARI’s love and zest to empower everyone to get more out of life.

    To celebrate Filipino ingenuity, HARI holds an OPEN CALL for its first ever 2-part Digital Art Competition. Filipino students and professionals, aged 18 and above, who are into digital design are encouraged to …

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  • Hyundai Salutes a Filipino iCON for Biodiversity

    HFI Chairman Richard L. Lee and President Ma. Fe Perez Agudo presented the Hyundai Icon for Biodiversity to Dr. Angel Alcala   Hyundai Asia Resources, Inc. (HARI) through its corporate social responsibility arm, HARI Foundation, Inc. (HFI), bestowed the first-ever Hyundai Icon for Biodiversity to eminent Filipino scientist, Dr. Angel C. Alcala, whose body of work in marine science research and education has driven public awareness and action in favor of Philippine biodiversity.   Dr. Alcala …

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  • Hyundai iCONs for Biodiversity: Educators for Sustainability

        HFI Chairman Richard L. Lee and President Ma. Fe Perez Agudo presented the Hyundai Icon for Biodiversity to Dr. Leo Tan Wee Hin of Singapore (top photo); Dr. Dang Huy Huynh of Viet Nam (second photo); and Sophea Chhin of Cambodia (bottom photo).   Hyundai Asia Resources, Inc. (HARI) through its corporate social responsibility arm, HARI Foundation, Inc. (HFI), bestowed the first-ever Hyundai Icon for Biodiversity to four ASEAN scientist/academics. The special citation was given during the …

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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 fewer working days within said month. This pushed total January to April 2017 sales to 11,362 units, up by 9% as compared to the 10,417 units sold in the first four months of the previous year.

 

Leading HARI’s impressive performance is the Passenger Cars (PC) segment, which grew by 10% from 7,073 units in January to April of 2016 to 7,753 units in the same period of 2017. Driving the PC segment growth is the Hyundai Accent as it remains as the brand’s top-selling nameplate with 5,162 units sold in the first four months of 2017.

 

The Light Commercial Vehicles (LCV) segment also showed remarkable performance as total January to April sales reached 3,609 units, an 8% rise from the previous year’s output. Faster than anticipated growth in this segment is buoyed by high acquisition of Tucson and H-100 models.

 

Sales and Economic Outlook

 

The Philippine economic outlook remains sanguine, with several banking institutions and credit agencies projecting GDP growth rate to fall between 6.5% to 7.5% for FY 2017. The economy is expected to maintain its upward trajectory, bolstered by the country’s strong domestic demand, within-target domestic inflation, stable OFW remittances, accelerated government spending, and the recovery of export numbers. The confluence of these factors bodes well for the auto industry as they serve as tailwinds for increased auto demand. With this, HARI is well in position to achieve more milestones to cap its 15th year of operations in the Philippines.

 

 april2017