Hyundai Asia Resources, Inc. (HARI), reported a 4.1 percent growth for July 2021 versus the previous month. This is the second straight month of steady sales for the Korean automaker.
The growth in sales was brought about by Commercial Vehicles (CV), which saw a remarkable increase of 232.1 percent in July versus the previous month, offsetting the slight decline in Light Commercial Vehicles, which dropped by 12.1 percent.
Meanwhile, Passenger Cars (PC) managed to hold steady with a 3.8 percent increase versus June sales, with the locally-assembled Hyundai Accent remaining a growth driver with a 23.9 percent increase in sales in July versus June.
CV continues to be HARI’s main growth driver. In July spearheaded by the HD50S that is used in the Hyundai Modern Jeepney Class II and Class III, the company’s winning mainstays in the national PUV Modernization Program.
This brings the Year-to-Date growth rate of HARI CV to an impressive 446.2 percent versus the same period in 2020, an astounding achievement brought about by the strong sales of several models, led by the Hyundai HD65 and Hyundai HD36 trucks, and the Hyundai HD50S.
Hyundai Philippines January to July Year-To-Date 2021 Sales
- Passenger Cars: -26.5 percent (2,979 in 2021, 4,054 in 2020)
- Light Commercial Vehicles: -26.7 percent (3,177 in 2021, 4,332 in 2020)
- Commercial Vehicles: +446.2 percent (852 in 2021, 156 in 2020)
Hyundai Philippines Month-On-Month July 2021 vs June 2021 Sales
- Passenger Cars: +3.8 percent (432 in 2021, 397 in 2020)
- Light Commercial Vehicles: -12.1 percent (340 in 2021, 387 in 2020)
- Commercial Vehicles: +232.1 percent (93 in 2021, 28 in 2020)
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