Hyundai Asia Resources Inc., the official distributor of Hyundai vehicles in the Philippines, registered sales of 35,401 units in 2018, down 6 percent from 37,678 units in 2017.
“Amidst the uncertainty faced in the automotive industry for the year, Hyundai has proven itself to weather the odds and exceed expectations. The economic landscape shows to be more optimistic, you can expect more from us in 2019,” said Hari president Ma. Fe Perez-Agudo.
She noted that the company was still in a better position with only 6 percent decline in sales compared to the double-digit drop of the total Philippine automotive industry.
Hyundai’s December sales reached 2,957 units to boost fourth-quarter sales to 9,961.
Fourth-quarter sales dipped 2.5 percent from 10,227 units sold year-on-year.
Passenger cars retained their position as the brand’s volume driver by accounting for 56.2 percent of the total sales.