Hyundai breaks ground for a new commercial vehicle dealership in Cainta

The groundbreaking ceremony of Hyundai Trucks and Buses Cainta (HTBC). (L-R) Hyundai Cainta General Manager Jonathan C. Qua; HARI SVP for Trade Operations and Development Cluster Numeriano R. Cortez, Jr.; SARI Group General Manager Maria Antonietta G. Alonzo; SARI President Felix K. Limcaoco III; HARI President and CEO Ma. Fe Perez-Agudo; HARI EVP and CFO, Finance & Trade Support Services Cluster Ladislao Z. Avila, Jr.; SARI SVP/COO Doroteo R. Sornet; and HARI VP for Commercial Trade Division Jimmy Fernando Trazo.
This news is from our friends at HARI (Hyundai Philippines), announcing a new Hyundai commercial vehicle dealership in Cainta that should help provide even better service for customers in Cainta, Marikina, Antipolo, and the rest of Eastern Rizal.

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Hyundai Philippines sales remain buoyant with 9% growth

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.

April 2017 Hyundai Sales Report

Hyundai Philippines wins Global Distributor of the Year 2016

HARI President and CEO Ma. Fe Perez-Agudo, toasted to 50 years of the Hyundai brand. HARI was awarded HMC Global Distributor of the Year 2016 during the Global Distributors Convention held May 10, 2017 at the Grand Intercontinental Hotel in Seoul.

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 Resources, Inc. (HARI) President and CEO Ma. Fe Perez-Agudo when she accepted the Hyundai Motor Company (HMC) Global Distributor of the Year 2016 award during the Global Distributors Convention held at the Grand Intercontinental Hotel in Seoul.

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The All-New Nissan Terra