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Corporate Information Hyundai Motor Reports 2020 Global Sales and 2021 Goals

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Hyundai Motor Reports 2020 Global Sales and 2021 Goals

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Corporate Information 202101040000
Hyundai Motor Reports 2020 Global Sales and 2021 Goals

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  • Hyundai’s 2020 global sales total 3.74 million units, down 15.4% Y/y
    ⋯ Korea sales rise 6.2%; overseas sales retreat 19.8% amid COVID-19
  • December sales decline 6.4% Y/y to 373,970 units
  • Company targets 2021 global sales of 4.16 million units
    ⋯ to sell 3.42 million units overseas; 741,500 units in Korea home market

SEOUL, January 4, 2021 – Hyundai Motor Company today announced its 2020 global sales performance, which recorded a 15.4 percent decline from a year earlier amid the ongoing COVID-19 pandemic.


Led by the popularity of SUV models and eco-friendly line-up, sales in Korea market increased 6.2 percent to 787,854 units while those out of Korea dropped 19.8 percent as the sluggish economic activities dented auto demand in most of regions.


While competition in global automotive markets gets ever fiercer this year amid recovering auto demand worldwide, Hyundai aims to sell 4.16 million units around the globe in 2021 with optimized business strategies by each region. The company targets to sell 741,500 units in Korea and 3.41 million units in overseas markets. 


For December, monthly sales totaled 373,970 units including 305,484 for overseas markets.


The company will continue implementing diverse measures to take care of its customers and to offer the world-best products meeting their needs. Furthermore, the company plans to solidify its global leadership in eco-friendly mobility market with the launch of upcoming IONIQ 5—its first dedicated BEV model. 


■ 2020 Sales Results (Units)

Y/Y Change
M/M Change2020 YTD2019 YTDYTD Change
Korea Sales68,48666,3353.2%70,035-2.2%787,854741,8426.2%
Overseas Sales305,484333,118-8.3%307,158-0.5%2,955,6603,683,686-19.8%
Global Sales373,970399,453-6.4%377,193-0.9%3,743,5144,425,528-15.4%

■ 2021 Sales Plan (Units)

Subject2021 Plan2020 ResultY/Y
Korea Sales741,500787,854-5.9%
Overseas Sales3,418,5002,955,66015.7%
Global Sales4,160,0003,743,51411.1%

* 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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