Hyundai posts 30.4% sales growth in January

Going strong
Feb 9, 2011

Hyundai Asia Resources president Fe Perez-AgudoHyundai Asia Resources Inc. (HARI), the official distributor of Hyundai vehicles in the Philippines, posted a 30.4 percent year-to-date growth on the back of strong sales in the passenger car and light commercial vehicle segments last month.

Hyundai sold more than 1,540 vehicles in January, making it still the third most popular brand in the Philippines in terms of sales. (See car sales based on data from the Chamber of Automotive Manufacturers in the Philippines here.)


"Our big thanks to Filipino motorists who continue to support our brand and what it stands for in the industry today--as a partner for mobility and an economic powerhouse, ready to make the business of automotives even more progressive for the country," HARI president Fe Perez-Agudo said in a statement.

Hyundai said its sales of its passenger cars alone increased 107 percent in January due to the strong performance of the Accent, whose sales rose 68.6 percent; Genesis Coupe, 100 percent; Getz, 64.5 percent; and Sonata, 11 percent.

"Taking into account that the Accent is one of the most sought out cars in the market today, this road commute proves a formidable make in the segment, guaranteeing a promising sales performance this year," Hyundai said. The Accent was launched in the Philippines in December 2010.

Meanwhile, the Santa Fe proved to be Hyundai's biggest winner in the light commercial vehicle segment with sales ballooning 500 percent in January versus the same month last year.

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"With its refreshed design and intensified crossover capacities with new engine choices like the Theta II petrol engine and the R eVGT--the 3rd generation CRDi diesel engine, this handsome build makes for a commanding road partner, ready for any outdoor pursuits," Hyundai said.

Following its stellar performance in January, Hyundai expects to achieve "greater sales feats and more milestones in the succeeding months."

"This year, Hyundai chooses to move at full speed, firing up its own path with new developments and leading the industry with its best-of-breed innovations that promise to advance mobility to even greater heights," Agudo said.

Do you see yourself buying a Hyundai vehicle this year?


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