MANILA, Philippines — Hyundai Asia Resources Inc. (HARI), the official distributor of Hyundai vehicles in the country, posted a five percent drop in sales in January as sales of its passenger cars remained weak. In a statement, HARI said it sold a total of 2,758 vehicles for the first month of 2019, also a 6.7 percent dip month-on-month. “It will be expected that sales of Hyundai passenger cars will eventually grow in the coming months, counting on the recent launch of the Reina,” HARI said. In contrast, sales in the light commercial vehicle (LCV) segment jumped 51.7 percent to 1,315 units from 867 units in January last year. “Hyundai stands resolute as it brings in new and market-leading products to take advantage of the opportunities laid out in 2019,” she said.

Source: Philippine Star February 18, 2019 16:00 UTC