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    Empowered artists proudly display their winning artworks with HARI President and CEO Ma. Fe Perez-Agudo (center) and HARI Senior Vice President Rene G. Pizarro (extreme right) and Team Manila Creative Director Jowee Alviar (extreme left).   December 6, 2017, Marriott Hotel Manila. Hyundai Asia Resources, Inc. (HARI) extends its innovative ways beyond motoring by building its first community of creatives via the recently concluded Hyundai Digital Art Competition.   The competition signals …

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  • Hyundai, keen on infrastructure agenda; eyes Mindanao as next auto hub

    Hyundai General Santos, the first dealership in Mindanao to be given a “Narra” pre-certification by the Philippine Green Building Initiative for Best Green Practices and the first Hyundai dealership in Mindanao to implement the new Global Dealership Space  Identity (GDSI) standard.   In support of the national government’s infrastructure agenda, Hyundai Asia Resources, Inc. (HARI), aims to scale its capacity and resources anticipating a boost in transport and construction come 2018. HARI, …

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  • Hyundai commits P100-million for Marawi; Dealership network pledges support to rehab, nation-building

    Hyundai Asia Resources, Inc. (HARI), the official distributor of Hyundai passenger cars and commercial vehicles the Philippines, announced the launch of its P100-million fund to rehabilitate Marawi City. On December 6, 2017, HARI together with its 42 dealers pledged their Manifesto of Support to Marawi City responding to the call for economic and inclusive development, and declaring their steadfast commitment to nation-building.   Marawi at Hyundai – Magkasama sa Byahe ng Buhay. December 7, 2 …

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  • Hyundai H350 Hailed Best Minibus by Local Media Group

    GREENHILLS, San Juan City – Hyundai Asia Resources Inc. (HARI), the Philippines’ official distributor of Hyundai passenger and commercial vehicles, won the “2017 Best Minibus” award for the Hyundai H350 from the Car Awards Group Inc. (CAGI) last November, 2017.   CAGI is composed of a group of motoring journalists who are devoted to testing and reviewing vehicles annually to vie for the Car of the Year Awards. This activity gives recognition to the best new motor vehicles launched and …

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  • HARI CEO at ABIS 2017: Focus on Riding the Digital Wave as the Key to Business Success

    At the ASEAN Business & Investment Summit (ABIS) 2017 forum, “Unleashing Women Economic Power and Human Capital Development” were (L-R) HARI President and CEO Ma. Fe Perez-Agudo, SM Investment Vice Chair and ASEAN BAC Council Member Teresita Sy-Coson, UN Under-Secretary General Dr. Shamshad Akhtar, ASEAN Business Advisory Council Chairman Jose Ma. Concepcion III, Forum Moderator Presenter and Executive Producer of Channel News Asia Chloe Cho, SME Corporation Malaysia CEO Dr. Hafsah Hashim, and …

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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