• February sales totaled 275,044 units, down 13% y/y
• Sales in Korea declined 26% y/y to 39,290 units
• Sales outside of Korea declined to 235,754 units vs. 262,414 units a year earlier
SEOUL, March 2, 2020 – Hyundai Motor Company today announced February global sales of 275,044 units, a 13 percent drop from a year earlier, mainly affected by temporary production disruption and weak global demand caused by COVID-19.
Sales at Hyundai’s home market declined 26 percent year-over-year (y/y) to 39,290 units.
Grandeur (sold as Azera in some markets) led the sales followed by Sonata in the static market of Korea.
For markets other than Korea, sales slowed to 235,754 units compared with 262,414 units in 2019.
Despite solid demand in North America and Europe, weak global demand including China resulted in the decline.
Hyundai Motor will closely cooperate with the health authorities around the world in their preventive measures.
The company is monitoring the situations around the world in real-time and continuing its effort to prevent any possible infection within its business area. Furthermore, diverse plans are set in place to overcome the current outbreak and stabilize operation within the soonest timeframe possible.
* 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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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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