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


  • Colombia hopes to share Garcia Marquez remains
  • Holy fire ceremony draws thousands in Jerusalem
  • Tanchanco, former NFA head; 83
  • Pope seeks to bring faith to ‘ends of the Earth’
  • Meteor shower to light up PH skies
  • Sports

  • Pacquiao top Mayweather contender
  • Rain or Shine, Ginebra clash for No. 6 spot
  • Ateneo eyes quarterfinal spot vs Benilde
  • Style contrast marks OneFC ‘Rise of Heroes’
  • ‘Pacquiao a great ambassador for basketball’
  • Lifestyle

  • Noli Yamsuan, Cardinal Sin’s ‘official’ photographer: ‘I could smell the aftershave lotion of the Pope’
  • Simplifying and lightening life
  • Where to go for Easter night-out
  • Joe de Venecia visits the Queen Mother of Cambodia
  • Fashionistas flock to designer’s wedding
  • Entertainment

  • Why ‘Noah’ can’t dock his ark at Philippine theaters
  • Acclaimed artist goes wild while on holiday
  • Believing in this mermaid
  • Missing Xian
  • Awarded TV couple brings Jesus’ life to the big screen
  • Business

  • Top-selling insurance agent opens her dream café
  • Connecting and transacting with one another
  • Building wealth for health
  • Why Mandaue Foam buys, rather than rents, space
  • A workplace of new possibilities
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Epiphany
  • Unpaid creditor vs distressed debtor
  • Moving on
  • From culinary desert to paradise
  • Response to China: ‘Usjaphil’
  • Global Nation

  • Asia seeks Obama’s assurance in territorial spats
  • Cesar Chavez movie sparks memories of Fil-Am labor leaders
  • Filipinos in US poised for success
  • Visas for priests and other faith leaders
  • DOH to continue tracking co-passengers of OFW infected with MERS virus
  • Marketplace