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Corporate Information Hyundai Motor Reports March 2024 Global Sales
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Corporate Information Hyundai Motor Reports March 2024 Global Sales
SEOUL, April 1, 2024 – Hyundai Motor Company today announced global sales of 369,132 units in March 2024, a 3.7 percent year-over-year decrease.
While the brand witnessed solid sales momentum in North America, Europe, and India, sales outside South Korea decreased slightly by 0.7 percent in March to 306,628 units.
In South Korea, Hyundai Motor sold 62,504 units in March, a decrease of 16.1 percent compared with the same month last year.
Hyundai Motor’s SUV models collectively sold 21,979 units in the domestic market last month, while the Genesis luxury brand maintained solid momentum, with sales of 11,839 units.
Hyundai Motor sold more than 19,000 units of its EV models in March worldwide, proving that the company is solidifying its electrification leadership in the global market.
To cope with business uncertainties, Hyundai Motor plans to strengthen its production and sales system to suit demand and respond flexibly to changes in regional markets. The company also plans to enhance electrification leadership by launching competitive new models and expanding its EV lineups.
In late March, Hyundai Motor earned recognition for its EV leadership with its IONIQ 5 N high-performance EV winning the 2024 World Performance Car at the World Car Awards in New York. The win builds on momentum established by IONIQ 5 and IONIQ 6, which took back-to-back triple victories in 2022 and 2023 in the World Car of the Year, World Electric Vehicle and World Car Design of the Year categories.
■ Sales Results (Units)
| Subject | March ’24 | March ’23 | Y/y Change | Feb. ’23 | M/M Change | 2024 YTD | 2023 YTD | YTD Change |
| Korea | 62,504 | 74,529 | -16.1% | 47,653 | 31.2% | 159,967 | 191,047 | -16.3% |
| Outside of Korea | 306,628 | 308,867 | -0.7% | 267,940 | 14.4% | 842,641 | 830,780 | 1.4% |
| Global | 369,132 | 383,396 | -3.7% | 315,593 | 17.0% | 1,002,608 | 1,021,827 | -1.9% |
* 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 sedan, SUV and CV models produced by Hyundai Motor.
3. This press release contains forward-looking statements that are based on current expectations about possible future events. Our actual results may differ due to a variety of factors.
Disclaimer: Hyundai Motor Group believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader.
About Hyundai Motor Company
Established in 1967, Hyundai Motor Company is present in over 200 countries with more than 120,000 employees dedicated to tackling real-world mobility challenges around the globe. Based on the brand vision ‘Progress for Humanity,’ Hyundai Motor is accelerating its transformation into a Smart Mobility Solution Provider. The company invests in advanced technologies such as robotics and Advanced Air Mobility (AAM) to bring about revolutionary mobility solutions, while pursuing open innovation to introduce future mobility services. In pursuit of sustainable future for the world, Hyundai will continue its efforts to introduce zero emission vehicles equipped with industry-leading hydrogen fuel cell and EV technologies.
More information about Hyundai Motor and its products can be found at:
https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai
