Honda PH unveils all-new HR-V model

UNVEILING. Steve Gingco, chief working officer of Honda Vehicles Makati Inc., left, and Rex Decena, division manager-field gross sales operations of Honda Vehicles Philippines Inc. unveil the all-new Honda HR-V on Tuesday, April 19, 2022 on the Honda Vehicles Cebu alongside A. Soriano Ave., North Reclamation Space, Cebu Metropolis. The all-new Honda HR-V is obtainable in two variants, particularly, the S CVT and Turbo CVT with costs starting from P1.300 million to P1.6 million. / KATLENE CACHO-LAUREJAS

HONDA Vehicles Philippines Inc. (HCPI) on Tuesday, April 20, proclaims its plan to seize not less than 10 % market share within the subcompact crossover sport car phase because it launched the all-new Honda HR-V.

In an interview, Steve Gingco, chief working officer of Honda Vehicles Makati Inc., mentioned HCPI is assured of hitting such a goal following Honda HR-V’s improved “security know-how, gas effectivity and luxury” amongst its many different enhanced options. That is on prime of the rising variety of sedan homeowners now shifting to sports activities utility car.

The automobile agency goals to promote 1,400 items yearly or 120 items a month from 30 items, in accordance with HCPI vp Louie Soriano, in a digital press convention held in Manila.

Since its reintroduction in 2015, Honda’s HR-V has bought greater than 7,000 items and Gingco mentioned Cebu contributes about 10 to fifteen % of Honda’s nationwide gross sales.

“Cebu is our subsequent large market exterior Manila and ever because it has develop into an automotive automobile playground. It has develop into a trendsetter within the Visayas and Mindanao,” he mentioned.

Two variants

On Tuesday, HCPI concurrently launched the 2 fashions of Honda HR-V in Manila and in Cebu on the Honda Vehicles Cebu alongside A. Soriano Ave., North Reclamation Space, Cebu Metropolis.

The All-New Honda HR-V is obtainable in two variants, particularly, the S CVT and Turbo CVT with costs starting from P1.300 million to P1.6 million. Clients can select amongst 4 colours: ignite pink metallic, platinum white pearl, premium opal white silver (new colour; V Turbo CVT solely), and meteoroid grey metallic.

The all-new mannequin is obtainable in its 37 dealerships nationwide.

Gingco mentioned the all-new mannequin is right for younger professionals, startup households and even those that are into “modern, premium and sporty” design automobiles.

He added that the model’s security know-how, Honda Sensing, the model’s personal drive help system has been an vital function of the all-new mannequin and in reality has raised the bar on the subject of security know-how options in different manufacturers.

“Honda capitalizes on security as a result of it needs to make sure safety to the motive force and passengers,” he mentioned.

Q1 business gross sales

Amid the challenges confronted by the automotive business as a result of pandemic and different exterior components, just like the Ukraine-Russia warfare, chip scarcity, provide chain disruption, and hovering oil costs, Gingco mentioned the business stays optimistic of the upward gross sales efficiency to be pushed by the robust influx in abroad remittances and the anticipated “revenge spending” of customers after the 2 years into the pandemic which might pump prime financial actions benefitting all industries not solely within the automotive sector.

Election-related spending additionally bodes properly for the business and the necessity for mobilization of Filipinos on the again of the improved infrastructure throughout the nation and visitors circumstances.

Gross sales of passenger automobiles went down by 16.2 % to 18,323 items within the first quarter of 2022 in opposition to 21,855 items bought in the identical first quarter of 2021, in accordance with the Chamber of Automotive Producers of the Philippines Inc.-Truck Producers Affiliation (Campi-TMA) first-quarter gross sales efficiency knowledge.

In the meantime, gross sales of economic passenger automobiles grew by 16.5 % to 56,431 items from 48,457 items within the comparative first quarter of 2021.

The business report identified that gross sales of sunshine industrial automobiles or the sports activities utility car class went up 25.3 % to 45,629 items or 25.3 % greater than the 36,430 items bought within the first quarter of 2021.