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Hyundai Motor Reports March 2020 Global Sales

2020.04.01 00:00:00 No. 16433

• March sales totaled 308,503 units, down 20.9 percent y/y
• Sales in Korea increased 3 percent y/y to 72,180 units
• Sales outside of Korea declined 26.2 percent y/y to 236,323


SEOUL, April 1, 2020 – Hyundai Motor Company today announced March global sales of 308,503 units, a 20.9 percent drop from a year earlier, mainly affected by temporary production disruption and weak global demand caused by the COVID-19 global pandemic.


Korea Sales
Sales in Hyundai’s home market increased 3 percent year-over-year (y/y) to 72,180 units. 


Grandeur (sold as Azera in some markets) led the sales followed by Sonata sedan in the Korean market. The all new Genesis G80 launched in Korea on 30th of March recorded order exceeding 20,000 units on the first day of sales alone, signaling a promising prospect for the model.


Overseas Sales
For markets other than Korea, sales slowed to 236,323 units compared with 320,066 units in 2019, a 26.2 percent drop from a year earlier.


With the spread of COVID-19, all major markets around the world showed weak demand. Coupled with temporary production disruption, overall sales declined.


The safety, health and well-being of Hyundai employees, customers, business partners and the communities where we do business is of the utmost importance during the current coronavirus (COVID-19) global pandemic. Hyundai has established a coronavirus (COVID-19) response team at all affiliated companies to monitor the situation, minimize the risks and prepare for all potential scenarios.


Hyundai Motor will closely cooperate with the health authorities around the world in their preventive measures against the COVID-19.


Sales Results (Units)


Subject
Mar-20
Mar-19
Y/Y Change
Feb-20
M/M Change
2020 YTD
2019 YTD
YTD Change
Korea Sales
72,180
70,111
3.0%
39,290 
83.7%
159,061 
183,957 
-13.5%
Overseas Sales
236,323
320,066
-26.2%
242,101 
-2.4%
745,685 
837,434 
-11.0%
Global Sales
308,503
390,177
-20.9%
281,391 
9.6%
904,746 
1,021,391 
-11.4%


* 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 result includes entire sedan, SUV and CV models produced by Hyundai Motor.


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