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Corporate Information Hyundai Motor Reports September 2020 Global Sales

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Hyundai Motor Reports September 2020 Global Sales

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Corporate Information 202010051700
Hyundai Motor Reports September 2020 Global Sales

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  • September global sales totaled 360,762 units, down 5.3% y/y
  • Sales in Korea were up 33.8% y/y to 67,080 units
  • Sales outside of Korea decreased 11.2% y/y to 293,682 units
  • Hyundai Motor to minimize the business impact of global economic slowdown with risk management

SEOUL, October 5, 2020 – Hyundai Motor Company announced September global sales of 360,757 units, which is a 5.3-percent decline from a year earlier. The decrease mainly stems from the slowdown in economic activities resulting from COVID-19 pandemic. 


Korea Sales

Sales in Hyundai’s home market increased 33.8 percent year-over-year to 67,075 units. GRANDEUR sedan (sold as AZERA in some markets) continues to lead domestic sales with 11,590 units. Other models, such as Elantra sedan (sold as Avante in Korea) and Palisade SUV, also helped to maintain sales momentum in Korea. 


Overseas Sales

In markets outside of Korea, Hyundai recorded sales of 293,682 units, a 11.2-percent decrease from a year earlier. The decrease is mainly from the economic downturn due to the COVID-19 pandemic.  


Hyundai Motor will continue to proactively manage risks and minimize the business impact of COVID-19. The company has implemented various measures to take care of its customers, such as extending warranty periods, and is launching new models online. In September, Hyundai launched ‘Channel Hyundai’, an interactive app for experiencing the brand in a new way in the COVID-19 era.


Sales Results (Units)

Subject

September 20

September 19

Y/Y Change

August 20

M/M Change

2020 YTD

2019 YTD

YTD Change

Korea Sales

67,080

50,139

33.8%

54,590

22.9%

583,664

547,435

6.6%

Overseas Sales

293,682

330,771

-11.2%

264,110

11.2%

2,020,541

2,682,234

-24.7%

Global Sales

360,762

380,910

-5.3%

318,700

13.2%

2,604,205

3,229,669

-19.4%

* 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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