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Corporate Information Hyundai Motor Reports February 2020 Global Sales
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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.
Korea Sales
Sales at Hyundai’s home market declined 26 percent year-over-year (y/y) to 39,290 units.
(sold as AZERA in some markets) led the sales followed by SONATA in the static market of Korea.
Overseas Sales
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.
Feb-20 | Feb-19 | Y/Y Change | Jan-20 | M/M Change | 2020 YTD | 2019 YTD | YTD Change | |
Korea Sales | 39,290 | 53,406 | -26.4% | 47,591 | -17.4% | 86,881 | 113,846 | -23.7% |
Overseas Sales | 235,754 | 262,414 | -10.2% | 267,234 | -11.8% | 502,988 | 517,368 | -2.8% |
Global Sales | 275,044 | 315,820 | -12.9% | 314,825 | -12.6% | 589,869 | 631,214 | -6.6% |
* 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.
