Hyundai Asia Resources Inc., the official distributor of Hyundai vehicles in the Philippines, said Friday third-quarter sales fell 6 percent to 9,483 units from 10,085 units year-on-year.
“Hyundai’s third-quarter performance remains consistent with the industry trend. The brand has proven itself resilient amidst times of uncertainties supported by a strong community,” said Hari president and chief executive Ma. Fe Perez-Agudo.
Despite a big hike in light commercial vehicles sales of 56.4 percent to 4,962 units from 3,172 units, third-quarter passenger car sales declined 19 percent to 4,521 units in 2018 from 6,913 units in 2017.
Nine-month sales hof light commercial vehicle rose 18.6 percent to 10,081 units from 8,499 units a year ago.
However, passenger car sales dropped 19 percent to 15,359 units in the first nine months from 18,952 units a year ago.
Hyundai vehicles in the nine-month period fell 7.3 percent to 25,440 units on year.