• Hyundai Brings The XCIENT Power At The 2017 PHILCONSTRUCT

      PASAY CITY, Manila – Hyundai Asia Resources Inc. (HARI), the Philippines’ official distributor of Hyundai passenger and commercial vehicles, will be introducing the New Generation of the Hyundai XCIENT heavy-duty truck at the 2017 PHILCONSTRUCT Construction Show which will be held at the World Trade Center & SMX Convention Center, SM Mall of Asia from January 6 to 9, 2018.   PHILCONSTRUCT is the biggest construction show in the country. It caters both to the heavy equipment and machinery, …

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  • Hyundai Dream Center Philippines: Hyundai's Christmas Gift to our Underprivileged Youth

    (L-R) HARI Chairman Emeritus Richard L. Lee, HARI President and CEO Maria Fe Perez-Agudo, Plan International Philippines Country Director Dennis Guy O’Brien, and Plan International Korea External Relations Team Manager Choi Yun Sung

     

    December 5, 2017– Hyundai Asia Resources Inc. (HARI), the Philippines’ official distributor of Hyundai passenger and commercial vehicles, joined forces with the world’s third largest vehicle manufacturer, Hyundai Motor Company of South Korea (HMC) in …

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  • Hyundai Sparks GREEN Revolution in Marikina City

    At the Groundbreaking Ceremony of Hyundai Marikina were: (L-R) Hyundai Asia Resources, Inc. (HARI) SVP – Trade Operations and Development Cluster Numeriano Cortez, Jr., Marikina City Business Permits and Licensing Office Department Head Atty. Nancy Teylan, Marikina City First District Representative Bayani Fernando, Marikina City Mayor Marcelino Teodoro, Shaw Automotive Resources, Inc. (SARI) President Felix Limcaoco III, HARI President and CEO Ma. Fe Perez-Agudo, HARI EVP and CFO Ladislao …

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  • HARI grows by 12% in November with Grand Starex and Accent; H100 stages grand recoup

      “2017 PROVED TO BE UPBEAT FOR Hyundai, reflecting our driven and empowered industry. We expect to maintain this growth momentum, thereby contributing to the overall growth of the economy for 2017.” --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, registered positive year-to-date growth in Passenger Car (PC) and Light Commercial Vehicle (LCV) sales, growing by 12% …

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  • Hyundai Gears Up for 2018: Focused to Meet a Wide Range of Demands in Transport and Mobility

      Hyundai Asia Resources, Inc. (HARI), the Philippines’ official distributor of Hyundai passenger and commercial (trucks and buses) vehicles, gears up in anticipation of the government’s intensified push for infrastructure in 2018. With its line of passenger cars, commercial, and special vehicles braced for a wide range of mobility and payload requirements, HARI underscores its role as the Filipino’s lifetime partner to success.   “We are broadening our corporate horizon at a very opportune …

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HARI Achieves Its Highest Monthly Sales to Date

“The commitment of HARI in fostering a culture of excellence continues to manifest as it notches its highest monthly sales to date. The company, being a trusted lifetime partner of Filipinos, endeavors to constantly improve its products and services through creating value for a sustainable future.”

- 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 its July 2017 sales with a record-high of 3,594 units – a 21% growth from the same month of 2016. This propelled HARI’s year-to-date sales to 20,960 units, an 8% growth from last year’s 19,336 units. This likewise solidified HARI’s spot as the third highest selling brand in the automotive industry. Improvements in product availability contributed to the company’s good performance and high market preference.

 
Leading HARI’s impressive July performance in terms of volume is its Passenger Cars (PC) segment which grew by 12% from 2,296 units 2016 to 2,564 units in 2017. The significant jump in sales is again attributed to the Accent which sold 1,608 units, accounting for 45 percent of total HARI volume.

 

Meanwhile, the Light Commercial Vehicles (LCV) segment also posted significant July year-on-year sales growth of 52% to 1,030 units. This is attributed to the H-100, which closed the month at 287 units, more than doubling its output of 130 units in July of 2016.

 

Sales and Economic Outlook

 

Outlook for the Philippine economy remains optimistic as GDP is expected to expand by 6.8% in 2017 despite high volatility in the global market. The positive sentiment towards the Philippine market is anchored on sound macroeconomic fundamentals as the country continues to experience sustained consumer demand, manageable inflation, favorable employment figure, steady inflow of dollar remittances and flexible fiscal position. The confluence of these factors and the sustained automotive demand bid well for the industry. HARI, for its part, aims to capitalize on these conditions in delivering best-in-class products and services to the Filipino consumers.

 

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