Hyundai Worldwide Global Navigation
• May sales totaled 217,510 units, down 39.3% y/y
• Sales in Korea were up 4.5% y/y to 70,810 units
• Sales outside of Korea slid 49.6% y/y to 146,700 units
• Hyundai Motor will maintain risk management capabilities and minimize negative impact from COVID-19
SEOUL, June 1, 2020 – Hyundai Motor Company today announced May global sales of 217,510 units, a 39.3 percent decrease from a year earlier, affected by slowing economic activities around the world caused by the COVID-19 pandemic.
Korea Sales
Sales in Hyundai’s home market increased 4.5 percent year over year to 70,810 units. Popular models such as Grandeur sedan (sold as Azera in some markets) led domestic sales with 13,416 units. Strong performance of new models, including all-new Avante sedan (sold as Elantra in some markets) and G80 sedan of Genesis brand, helped to maintain robust sales momentum in Korea.
Overseas Sales
In other markets, sales slowed to 146,700 units compared with 290,811 units in 2019 due to weak auto demand from slowing economic activities in markets around the globe and suspension of production at some overseas plants, stemming from COVID-19.
Hyundai Motor will continue to maintain its risk management capability and stabilize its supply chain to minimize negative business impact from spread 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 | May-20 | May-19 | Y/Y Change | Apr-20 | M/M Change | 2020 YTD | 2019 YTD | YTD Change |
Korea Sales | 70,810 | 67,756 | 4.5% | 71,042 | -0.3% | 300,913 | 323,126 | -6.9% |
Overseas Sales | 146,700 | 290,811 | -49.6% | 96,651 | 51.8% | 987,716 | 1,425,785 | -30.7% |
Global Sales | 217,510 | 358,567 | -39.3% | 167,693 | 29.7% | 1,288,629 | 1,748,911 | -26.3% |
* 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.
