Hyundai dealer notes recovery in October

Hyundai Asia Resources Inc., the official distributor of Hyundai vehicles in the country, said Tuesday sales in October improved to 3,578 units from 3,266 units year-on-year.

“Last October’s performance only reflects that the performance of the automotive industry is beginning to normalize. Our growth outlook remains to be upbeat for the remainder of the year,” said Hari president and chief executive officer Ma. Fe Perez-Agudo.

The October figure pushed the January-to-October 2018 sales to 29,018 units, down 5.5 percent from 30,717 units year-on-year.

The sales performance of the brand remains consistent with the overall demand for automotive vehicles in the country, Hari noted.

Agudo said the monthly trend showed that unit sales would eventually pick up in the last two months of the year.

Sales of passenger cars remain Hari’s volume driver, accounting for over half of  total unit sales for the year.

Topics: Hyundai Asia Resources Inc. , car sales
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