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Hyundai Motor Reports July 2020 Global Sales

2020.08.03 00:00:00 No. 16503

• July sales totaled 313,097 units, down 12.5% y/y
• Sales in Korea were up 28.4% y/y to 77,381 units
• Sales outside of Korea decreased 20.8% y/y to 235,716 units
• Hyundai Motor to maintain risk management capability and minimize the business impact of the COVID-19 pandemic


SEOUL, August 3, 2020 – Hyundai Motor Company announced July global sales of 313,097 units, which is a 12.5 percent decrease from a year earlier. The decrease mainly stems from the slowdown in economic activities resulting from COVID-19 pandemic.


Korea Sales
Sales in Hyundai’s home market increased 28.4 percent year-over-year to 77,381 units. Popular models such as Grandeur sedan (sold as Azera in some markets) continues to lead domestic sales with 14,381 units. Strong performance of Genesis brand, with the all-new G80 sedan and GV80 SUV model, also helped to maintain sales momentum in Korea.


Overseas Sales
In other markets, Hyundai recorded sales of 235,716 units, a 20.8-percent decrease from a year earlier, mainly due to the economic downturn from the COVID-19 pandemic. 


Hyundai Motor will continue to proactively manage risks and minimize the business impact of COVID-19. The company is implementing various schemes to take care of its customers, such as extending warranty periods and launching new models online.


Sales Results (Units)
Subject
July-20
July19
Y/Y Change
June20
M/M Change
2020 YTD
2019 YTD
YTD Change
Korea Sales
77,381
60,286
28.4%
83,700 
-7.5%
461,994 
444,399 
0.1%
Overseas Sales
235,716
297,576
-20.8%
226,127 
4.2%
1,458,505 
2,039,770 
-30.8%
Global Sales
313,097
357,862
-12.5%
309,827 
1.1%
1,920,499 
2,484,169 
-25.2%

* Monthly sales figures provided in this press release are unaudited and on a preliminary basis.

1. Sales in Korea is based on retail sales while overseas sales (global sales excluding Korea) is based on wholesales.
2. Sales results include entire sedan, SUV and CV models produced by Hyundai Motor.


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About Hyundai Motor Company
Established in 1967, Hyundai Motor Company offers a range of world-class vehicles and mobility services in more than 200 countries. Hyundai Motor sold more than 4.4 million vehicles globally in 2019, and currently employs some 120,000 personnel worldwide. The company is enhancing its product lineup with vehicles designed to help usher in a more sustainable future, while offering innovative solutions to real-world mobility challenges. Through the process Hyundai aims to facilitate ‘Progress for Humanity’ with smart mobility solutions that vitalize connections between people and provide quality time to its customers.


More information about Hyundai Motor and its products can be found at:
http://worldwide.hyundai.com or http://globalpr.hyundai.com


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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