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SEOUL, June 2, 2022 – Hyundai Motor Company today announced its May 2022 global sales of 324,039 units, a 4.6 percent increase from the previous month and a 0.5 percent decrease year over year.
Sales in Korea were up by 2.1 percent year-on-year to 63,373 units, including 20,570 units and 12,234 units, driven by demand for SUV models and the Genesis luxury brand.
In markets outside of Korea, Hyundai Motor sold a total of 260,666 units, a 1.1 percent year-on-year decrease. Despite global logistic issues and the lockdown of several cities in China due to the ongoing pandemic, the sales of global markets have recovered steadily.
Amid unfavorable external environments, including ongoing components shortages and cost fluctuations of raw materials, the solid sales of SUVs and Genesis models helped minimize the impact on the company’s business.
Hyundai Motor will make an effort to alleviate business uncertainties by optimizing production and inventory status and diversifying business strategies tailored for each region.
■ Sales Results (in Units)
May ’22 | May ’21 | Y/Y Change | April ’22 | M/M Change | 2022 YTD | 2021 YTD | YTD Change | |
| Korea Sales | 63,373 | 62,056 | 2.1% | 59,415 | 6.7% | 274,886 | 317,688 | -13.5% |
| Overseas Sales | 260,666 | 263,486 | -1.1% | 250,461 | 4.1% | 1,261,979 | 1,356,866 | -7.0% |
| Global Sales | 324,039 | 325,542 | -0.5% | 309,876 | 4.6% | 1,536,865 | 1,674,554 | -8.2% |
Editor’s note:
* Sales results are based on wholesale.
* Monthly sales figures provided in this press release are unaudited and on a preliminary basis.
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About Hyundai Motor Company
Established in 1967, Hyundai Motor Company is present in over 200 countries with more than 120,000 employees dedicated to tackling real-world mobility challenges around the globe. Based on the brand vision ‘Progress for Humanity,' Hyundai Motor is accelerating its transformation into a Smart Mobility Solution Provider. The company invests in advanced technologies such as robotics and Advanced Air Mobility (AAM) to bring about revolutionary mobility solutions, while pursuing open innovation to introduce future mobility services. In pursuit of sustainable future for the world, Hyundai will continue its efforts to introduce zero emission vehicles equipped with industry-leading hydrogen fuel cell and EV technologies.
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