Sales of Hyundai vehicles jump 23% in 1st half


Posted at Jul 11 2012 06:28 PM | Updated as of Jul 12 2012 02:28 AM

A man walks past a Hyundai Motor dealership in Seoul July 2, 2012. / REUTERS

MANILA, Philippines - Sales of South Korea's Hyundai vehicles in the country jumped 23% in the first half of the year, boosted by a 36% rise in sales in June.

In a report, Hyundai Asia Resources Inc. (HARI) said total number of units sold in the first half stood at 12,751 units versus 10,355 units during the same period in 2011.

In June alone, sales of Hyundai vehicles grew 36% to 2,356 units from 1,737 units in May.

The number of light commercial vehciles sold also doubled to 1,108 units in June from 550 in May.

HARI said the arrival of the new Tucson model helped boost the sales growth of compact sports vehicles as well. This offset the 13% decline in sales of commercial vehicles.

"We have more than satisfied growing public clamor for our all-time best-sellers. With sustained resiliency in domestic purchasing power, backed by sound economic fundamentals and a favorable business landscape, Hyundai is ever more ready to heed and respond to our customer needs and demands for the next two quarters of this year," Ma. Fe Perez-Agudo, president and chief executive officer of HARI, said.