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Hyundai Motor Reports July 2018 Global Sales

2018.08.02 00:00:00 No. 16020

• July sales total 339,694 units, decrease of 6.5% YoY
• To build new sales momentum by accelerating the rollout of SUVs in major markets 

SEOUL, August 1, 2018 — Hyundai Motor Company, South Korea's largest automaker, today announced its global sales results for July 2018, recording a total of 339,694 units sold.

Overseas sales decreased by 8% year-over-year, posting 279,327 units, due in large part to weaker sales in China and loss of production from strikes in Korean plants. 

The sales in Korea rose by 1.3% compared with the previous year, resulting in 60,367 units sold. Sales increased following strong demand in the company’s small- and mid-sized SUV products. The all-new Santa Fe became the best-selling model in Korea for the fifth consecutive month. 

Hyundai Motor plans to build new sales momentum by accelerating the roll-out of SUV models in major markets including the U.S., Europe, and China. 

The company expects the all-new Santa Fe and refreshed Tucson SUVs to strengthen its competitiveness in the U.S. and Europe markets in the second half.

In China, Hyundai Motor will continue to focus on the recently launched Encino as well as refreshed Tucson and Lafesta which await roll-out in coming months. 

- Ends - 

About Hyundai Motor Company
Established in 1967, Hyundai Motor Company is committed to becoming a lifetime partner in automobiles and beyond with its range of world-class vehicles and mobility services offered available in more than 200 countries. Employing more than 110,000 employees worldwide, Hyundai sold more than 4.5 million vehicles globally. Hyundai Motor continues to enhance its product line-up with vehicles that are helping to build solutions for a more sustainable future, such as NEXO – the world’s first dedicated hydrogen-powered SUV. In 2018 the company revealed its new design philosophy ‘Sensuous Sportiness’, which will be embodied by all upcoming Hyundai vehicles.

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Disclaimer: Hyundai Motor Company believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader.

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