Hyundai Asia Resources, Inc., the official Hyundai distributor in the Philippines maintains a positive sales outlook for the year, with a 6% growth in May compared with the same period last year. This growth has been mostly fueled by commercial vehicles and SUV sales.
Hyundai sustains its momentum, as it posted total sales of 1,643 units in May this year or 6% growth from the same month last year. By category, sales of light commercial vehicles rose by 16% while that of passenger cars declined slightly by 3%. By models, the boost came largely from Tucson which expanded by 52% and the new models, Sonata and Elantra, which sold 75 units and 291 units, respectively. This brings sales performance for the first five months of 2011 to 3% growth or 8,062 units.
Hyundai is focusing on channel partners for fleet purchases, and this includes banks, projects and other commercial operations. Meanwhile, the company is confident that 2011 sales outlook will further improve, due to economic growth in the country.