Hyundai Asia Resources Inc. (HARI), exclusive distributor of Hyundai cars in the country, said its total sales jumped 18 percent in October but failed to lift the negative two percent year-to-date growth.
“Improved supply situation combined with our sustained efforts to raise our brand image and further boost excellence in the quality of our services and customer satisfaction delivered our expectations of strong growth in October. This bodes well for our year-end performance which should benefit from a positive consumer outlook stemming from increased cash flow triggered by holiday bonuses and remittance flows,” said Maria Fe Perez-Agudo, HARI president and chief executive.
Sales of passenger car (PC) rose to 1,247 units in October this year, up 55 percent from 811 units in the previous month. Inventory arrivals of the i10, Accent, and Elantra, pushed PC sales in October, resulting in a 6 percent growth in total PC sales for the year ending October.
