Hyundai Kona Leads Hyundai PH’s Light Commercial Vehicle Sales Charge for August 2018
The Hyundai Kona is leading the Korean carmaker’s Light Commercial Vehicles’ (LCV) sales charge for August, accounting for 430 units of the LCVs 1,539 sold for month, helping the segment top the brand’s passenger car sales for the first time in the local market.
Hyundai Asia Resources, Inc. (HARI), the official distributor of Hyundai vehicles in the Philippines, showed a minimal dip of 8.3 percent or 22,223 units from last year’s 24,233 units as it closed its 2018 eight-month sales. August performance alone was exceptional given that it is the third best performing month for the brand with 2,987 units sold.
The Passenger Car (PC) segment maintains its front-runner status of the brand by covering two-thirds of its total vehicle sales, or 13,935 units from January to August 2018. Led by the Hyundai Accent, the model has remained as a favorite among the passenger cars in the industry, accounting for 9,929 units for the period.
Light Commercial Vehicles (LCV) takes the remaining share with 8,288 units, but has grown significantly from the same period of 2017 with 10.4 percent. With the introduction of the Kona, August saw monthly LCV sales surpass that of PC for the first time, with 1,539 units sold for the month as opposed to PC sales at 1,448.
“Even with the conservative economic outlook, Hyundai has proven itself to endure the odds. Backed by a strong community of Hyundai users in the country, we have proven time and again that our products and services remain relevant in the automotive industry,” said HARI President and CEO, Maria Fe Perez-Agudo.