It looks like Hyundai Asia Resources (HARI) is off to a great start as January sales climbed 40 percent versus the same month last year. The Korean brand's sales growth in the Philippines last month was primarily attributed to the popularity of the new Hyundai Accent and Elantra.
"We open 2012 with a bang in our sales performance," said HARI president and chief executive Ma. Fe Perez-Agudo. "With strong and continued demand for our best-selling models, the entry of even more exciting ones, a strong peso, sustained consumer spending power, and overall favorable economic environment, we have high hopes that this year will be another good one for Hyundai."
In January 2012, Hyundai sold 1,026 subcompact cars, 231 compact cars, 23 midsize passenger cars and six sports cars. This sums up to 1,286 units, which represents an 84 percent increase over January 2011 passenger-car sales.
Meanwhile, HARI sold 867 units of light commercial vehicles led by the Tucson in January, which resulted in a three-percent growth over sales in the same month last year.
To see Hyundai's entire lineup in the Philippines, check out our Buyers' Guide.