SEOUL, November 2, 2020 – Hyundai Motor Company announced October global sales of 385,947 units, a 4.2-percent decline from a year earlier. The decrease mainly stems from the slowdown in economic activities resulting from COVID-19 pandemic.
Sales in Korea, Hyundai’s home market, increased 1.2 percent year-over-year to 65,669 units. Grandeur sedan (sold as Azera in some markets) continues to lead domestic sales with 10,926 units. Other models, such as Elantra sedan and Palisade SUV, also helped to maintain sales momentum as well as brisk sales of Genesis luxury brand models, including G80 sedan and GV80 SUV.
In markets outside of Korea, Hyundai recorded sales of 320,278 units, 5.2 percent down from a year earlier as the global economic slowdown from the COVID-19 pandemic continues to weigh on automotive demand worldwide.
Hyundai will focus on sales recovery in global markets amid continued concerns over the resurgent COVID-19. The company has implemented various measures to take care of its customers, such as extending warranty periods, and is launching new models online. In particular, the company is preparing to launch the upcoming Genesis GV70 luxury SUV in the global market.
Sales Results (Units)
|M/M Change||2020 YTD||2019 YTD||YTD Change|
* 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.
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