Hyundai posts 82% jump in 2010 auto sales in Philippines

MANILA, Philippines – Hyundai Asia Resources Inc. (HARI), the official distributor of Hyundai automobiles in the Philippines, reported an 82% growth in sales to 20,172 units in 2010.

However, a month-on-month comparison showed a decline. December sales dipped when compared to November figures due to stock availability of the Tucson. For December, passenger car sales was at 689 units while light commercial vehicles (LCV) was 787 units.

HARI president Fe Perez-Agudo credited the outstanding sales of passenger cars to Accent and Getz and the introduction of Sonata. The light commercial vehicle figures were backed by the strong sales of Grand Starex, Tucson and Santa Fe.

“Last year, our country was quick to recover from the global financial crisis in 2009, thanks to renewed confidence in the government. This helped pave the way to invigorate the economy thereby increasing consumer spending and strengthening the purchasing power of the middle class,” Agudo said.

“Thanks to the creation of new job opportunities especially in the BPO and information technology industries the continuing success of OFW’s whose contribution to the economy thru their remittances continue to help strengthen the country’s GDP,” Agudo added.

“With its stellar sales in 2010, Hyundai looks forward to 2011 with even greater confidence, and a boldness that stems from its heightened passion to bring the uniquely refined motoring experience closer to more customers,” Agudo said.

“With that said, Hyundai enters the New Year, not just with a bang, but with an explosive doggedness – and undeniably, the best is still to come from Hyundai,” she added.

Data showed that Hyundai’s December 2010 sales evidently surpassed its December 2009 record with a solid 63.8% growth, keeping its market presence as upbeat as ever in time for the New Year.

For passenger car, sales of Hyundai grew by 128.1%. As for month-on-month sales, Hyundai’s December 2010 PC sales also lead by a huge margin from its December 2009 sales – an outstanding 90.3% growth.