Hyundai Motor Reports January 2016 Global Sales
- Hyundai Motor achieves global sales of 338,035 units in January
- Sales figures in Korean and overseas markets show a decline by 1.1% and 14.3% YoY,
- Overseas sales drops due to economic recession in emerging markets such as China,
Brazil and Russia
February 2, 2016 – Hyundai Motor, South Korea's largest automaker, reports its domestic and overseas sales results for January 2016.
1. Commercial Vehicles (CV) include LCV, buses and trucks.
2. Hyundai Motor currently has overseas plants in Brazil, China, the Czech Republic, India, Russia, Turkey and the U.S.
3. Domestic Production relate to the vehicles produced in Korea for the overseas markets.
- Global sales in January 2016 totals 338,035 units – a decrease of 12.5% YoY.
- Global sales declines due to slow growth in emerging markets and economic recession in Korea.
- Newly launched G90, the first model of the Genesis brand, reaches sales of 2,164 units in Korea.
Breakdown of Overseas Shipment
* ‘Consignment (EU)’ includes the amount of vehicles produced by Karsan (Turkish commercial vehicles manufacturer) on consignment.
- Economic recovery and the soon to be sold All-new Elantra in the U.S. contribute to the
shipment figure rise.
- Czech plant posts a positive shipment figure as All-new Tucson in the European market
continues to gain popularity.
- Sales in China market declines due to aging models like Elantra and Verna. However,
Hyundai Motor expects sales to increase in the future with new model launches.
- Emerging markets such as Brazil and Russia post sluggish figures due to unfavourable
About Hyundai Motor
Established in 1967, Hyundai Motor Company is committed to becoming a lifetime partner in automobiles and beyond. The company, which leads the Hyundai Motor Group, an innovative business structure capable of circulating resources from molten iron to finished cars, offers top-quality best-sellers such as Elantra, Sonata and Genesis. Hyundai Motor has eight manufacturing bases and seven design & technical centers worldwide and in 2015, sold 4.96 million vehicles globally. With almost 100,000 employees worldwide, Hyundai Motor continues to enhance its product line-up with localized models and strives to strengthen its leadership in clean technology, starting with the world’s first mass-produced hydrogen-powered vehicle, ix35 Fuel Cell.
More information about Hyundai Motor and its products can be found at:
http://worldwide.hyundai.com or http://www.hyundaiglobalnews.com