Latest Stories

Hyundai distributor upbeat on vehicle mart


Hyundai Asia Resources Inc. (Hari) expects to continue its good sales performance next year with new models seen to appeal to consumers.

Hyundai sales are expected to reach 23,000 units by the end of 2012 and this may grow by 5 to 10 percent in 2013, Hari president and CEO Ma. Fe Perez-Agudo told reporters.

The diesel-powered Accent hatchback will be among the new models to be launched next year. The car will be launched in the first quarter and the target is to sell about 200 units per month. Pre-orders have so far reached 300, with deliveries from Korea to start in February, Agudo said.

Although Hyundai is still experiencing supply shortage, a 10-percent growth for 2013 is still achievable, she said. “It’s (supply shortage) a global phenomenon.”

For the Santa Fe model, for example, there is a supply gap of 30 percent for the Philippines, Agudo said.

Asked if there is a chance for the Philippines to host assembly of Hyundai cars, Agudo said that was possible “but not in the next 24 months.”

The country needs strong infrastructure support, good manpower supply and political stability to attract investments. “These are things that all investors are looking for,” Agudo said.

She also noted that with the Asean integration, which brings import tariffs down to zero, selling cars in markets within the region was not about being able to assemble them in that market. It is about being competitive in terms of appealing to consumers, she said.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: auto , forecasts , Hyundai Asia Resources Inc. (HARI) , Motoring , vehicle sales

  • http://profile.yahoo.com/H4INAGLB7BOCJ4EVP3ZWJQRQ74 itsumo

    I would still rather buy from toyota, nissan, honda or isuzu which really makes sense. Aside being assembled here in the Philippines you are also helping keeping jobs and helping the local economy. Stay away from ford and hyundai nowadays.

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • What Went Before: Malacañang allies alleged involvement in pork scam
  • Timeline: Napoles tell-all
  • 12 senators on Napoles ‘pork’ list, says Lacson
  • Napoles surgery in Makati hospital successful
  • Save the queen? Aide takes fall for Enrile, Gigi Reyes
  • Sports

  • Mixers trim Aces; Painters repulse Bolts
  • Donaire junks Garcia as coach, taps father
  • ’Bye Ginebra: No heavy heart this time
  • UAAP board tackles new rules
  • Baguio climb to decide Le Tour de Filipinas
  • Lifestyle

  • The best flavors of summer in one bite, and more
  • Homemade yogurt, bread blended with pizza, even ramen
  • Visiting chefs from Denmark get creative with ‘ube,’ ‘ buko,’ ‘calamansi,’ mangoes
  • Salted baked potatoes
  • A first in a mall: Authentic Greek yogurt–made fresh in front of diners
  • Entertainment

  • Return of ‘Ibong Adarna’
  • Practical Phytos plans his future
  • In love … with acting
  • From prison to the peak of success
  • ‘Asedillo’ location thrives
  • Business

  • Philippine Airlines to stop shipment of shark fins
  • PH banks not ready for Asean integration
  • Stocks down on profit-taking
  • Banks allowed to use ‘cloud’
  • SMIC to issue P15-B bonds
  • Technology

  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Engineers create a world of difference
  • Bam Aquino becomes Master Splinter’s son after Wiki hack
  • Mark Caguioa lambasts Ginebra teammates on Twitter
  • Opinion

  • Editorial cartoon, April 24, 2014
  • Talking to Janet
  • Respite
  • Bucket list
  • JPII in 1981: walking a tightrope
  • Global Nation

  • PH seeks ‘clearer assurance’ from US
  • China and rivals sign naval pact to ease maritime tensions
  • What Went Before: Manila bus hostage crisis
  • Obama arrives in Tokyo, first stop of 4-nation tour
  • Believe it or not: Filipinos love US more than Yanks
  • Marketplace