• 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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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