• HARI Scores Double Win For Service Excellence

    Award-winning customer service. HARI S-AVP for After-Sales Service Operations (4th from left) Richard Gapasin received the prestigious Excellent Customer Service Achievement award for the passenger cars segment from HMC EVP & COO for International Operations Division Byung Kwon Rhim (rightmost) at the Global Customer Service Innovation Seminar held from July 4 to 6, 2017, in Seoul, Korea.   Becoming the most trusted lifetime partner of the Filipino goes beyond providing mobility solutions. It …

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  • HFI Salutes PH Team to 58th International Mathematical Olympiad

    HARI Foundation, Inc. roots for the PH Math team to the 58th International Mathematical Olympiad. Flying off to this year’s host city, Rio de Janeiro are: (first row, L-R) Team Leader Dr. Richard Eden (Ateneo de Manila University), Clyde Weslet Ang (Chiang Kai Shek College), Farrell Eldrian Wu (MGC New Life Christian Academy), Deputy Team Leader Dr. Louie John Vallejo (University of the Philippines-Diliman); (second row, L-R) Sean Anderson Ty (Zamboanga Chong Hua High School), Shaquille Wyan …

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  • HARI Foundation, Inc. Champions Biodiversity Conservation in the Asean Region

    One for Biodiversity. HARI Foundation, Inc. (HFI), led by President Ma. Fe Perez-Agudo, and ASEAN Centre for Biodiversity (ACB), led by Director Atty. Roberto Oliva, commit to intensify efforts at preserving the ASEAN region’s rich but threatened biodiversity.   Hyundai Asia Resources, Inc. (HARI), through its corporate social responsibility (CSR) arm HARI Foundation, Inc. (HFI), takes up the cudgels for the environment in a grand new way as the Philippine automotive industry’s champion for …

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  • Hyundai: Official Mobility Partner of ASEAN Biodiversity Heroes

    A show of force for the environment. HARI Foundation, Inc. (HFI) President Ma. Fe Perez-Agudo and ASEAN Centre for Biodiversity (ACB) Director Atty. Roberto Oliva commit to intensify efforts at conserving the ASEAN region’s rich but threatened biodiversity.   Hyundai Asia Resources, Inc. (HARI), through its corporate social responsibility (CSR) arm HARI Foundation, Inc. (HFI), has partnered with the ASEAN Centre for Biodiversity (ACB), to take its advocacy for education in environmental …

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  • Hyundai Keeps It Clean at the National Car Wash Weekend

    On its 3rd successful run, Hyundai Asia Resources, Inc. (HARI) will hold the Hyundai National Car Wash Weekend on July 1-2 at authorized dealerships, nationwide.   In the 2-day event, Hyundai customers get to enjoy a full vehicle pampering experience inside and out. The usual exterior wash, vacuum and tire black are stashed with the 23-point check-up using the Global Diagnostic System (GDS) Tool.   And the treat just keeps on getting better! Customers get a limited edition golf umbrella if …

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HYUNDAI OPENS YEAR WITH 13% GROWTH

“2014 presents a new opportunity for Hyundai to grow fonder into the hearts of Filipinos. A combination of more steady supply and the introduction of Hyundai’s newest global models bode well for a stellar year for the brand.”

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

 

Performance and Drivers

 

Hyundai Asia Resources, official distributor of Hyundai vehicles in the Philippines, started the year on high gear with an impressive 13% growth year-on-year. Sales last month hit a total of 2,243 units, up from the 1,992 units sold in the same period last year.

 

The Passenger cars (PC) segment recorded an outstanding 17% growth in sales, soaring to a total of 1,447 units last month against the 1,236 units sold in January 2013. The PC segment’s kick-start was headed by the resilient segment leader Eon, which grew by a remarkable 232% year-on-year.

 

Sales in the Light Commercial Vehicle (LCV) segment experienced a 5% surge to total 796 units from the 756 units sold in January 2013. The rebound of the LCV front was propelled by the positive gains and timely arrival of Hyundai’s forefront models; Grand Starex, Santa Fe and H-100.

 

Sales and Economic Outlook

 

Proving its strong macro fundamentals, the series of natural calamities did not hinder the economy to grow by 7.2% in 2013. The country’s rising macro story continues to be solidified by buoyant investment activities, growing business landscape and robust domestic demand. The economy’s prevalent strength is expected to carry on in 2014 supported by an anticipated construction boom, sustained influx of remittances and resilient household spending. With the economy’s strong and positive outlook, the automotive industry is seen to cruise another stellar year in 2014 as brisk consumer demand and favourable financing terms will push sales to new record-highs.

 

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