Power Wheels Magazine A Notch Above
Due to the steadily rising demand for automotive vehicles in the country, Hyundai Asia Resources, Inc. (HARI), hit record sales ending the year 2016. Hyundai closed its Full Year 2016 sales with a 53% growth as compared to the previous year. Vehicle sales reached 8,674 units in the 4th Quarter alone, equating to a 62% Year-on-year increase.
As the front runner of HARI’s growth, the Passenger Car segment grew at a double-digit rate of 53% for the full year. Led by the Eon and Accent, the two name plates remain as part of the top selling passenger cars in the country. The Light Commercial Vehicles (LCV) segment was not far from the spotlight as it pushed to grow 52% of the same period from the previous year, with the well-loved Grand Starex passenger van leading the company’s LCV sales.
“Emulating the vitality of the country’s economy and its fast-growing automotive industry, 2016 proved to be a promising year for Hyundai. We can only look forward at 2017 with endless potential, as the company will continue to please the market with its line-up of modern premium products and services.”- Ma. Fe Perez-Agudo, HARI President and CEO