Hyundai PH on steady growth mode in June

Hyundai Asia Resources, Inc. (HARI), reported 5% growth for June 2021 versus the previous month, a positive indicator of increased activity in the economy, with June being the first full month of post-ECQ and MECQ in the NCR+ region. 

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Commercial vehicles (CV) largely contributed to this month-on-month boost, having sold 40% more units in June than in May. Meanwhile, the Passenger Cars (PC) and Light Commercial Vehicles (CV) maintained a steady increase in sales, at 6.7% and 1.6%, respectively.

In the PC segment, the locally-assembled Hyundai ACCENT’s 13.6% month-on-month growth rate made for the biggest share in the segment’s 6.7% overall increase.

For the LCV segment, the Hyundai TUCSON and the Hyundai GRAND STAREX provided the momentum, growing by 33.3% and 11.9%, respectively.

While for the CV segment, the Hyundai HD50S contributed to the segment’s growth with a month-on-month increase of 75% for the said model. Notably, the HD50s which is used in HARI’s power contribution to the government’s PUV Modernization Program (PUVMP), the Class 2 and 3 Modern Jeepneys. Sales of the HD50s grew by 775.8%, Year-to-Date, which cushioned the -10.6% dip in year-to-date performance and improved the segment’s performance by 454% from the same period last year. 
“HARI’s steady growth mode is a sign of how we, shoulder-to-shoulder with our nationwide dealership fortress, have grown in resilience through our 20-year journey as the Filipino’s lifetime partner in mobility. We are definitely driven to start a new chapter of HARI history, which may be the toughest one yet—recovery on to achieving equilibrium in the Now Normal era. Thanks to the People of Hyundai, we’ll get there,” said HARI President and CEO Ma. Fe Perez-Agudo.