• November global sales totaled 376,704 units, down 4.3% Y/y
  • Sales in Korea increased 10.9% to 70,035 units
  • Sales outside of Korea decreased 7.2% to 306,669 units
  • Hyundai Motor to minimize the business impact of global economic slowdown with risk management

SEOUL, December 1, 2020 Hyundai Motor Company today announced November global sales of 376,704 units, a 4.3 percent decline from a year earlier. This mainly stems from the slowdown in economic activities resulting from the COVID-19 pandemic.

Korea Sales

Sales in Korea, Hyundai’s home market, increased 10.9 percent year-over-year to 70,035 units. Grandeur sedan (sold as Azera in some markets) continues to lead domestic sales with 11,648 units. Other SUV models, such as all-new Tucson SUV and Palisade SUV, helped to maintain sales momentum in Korea. Genesis luxury brand’s G80 sedan and GV80 SUV continued to show steady sales.

Overseas Sales

In markets outside of Korea, Hyundai recorded sales of 306,669 units, 7.2 percent down from a year earlier as the global economic slowdown from the COVID-19 pandemic continues to weigh on automotive demand worldwide.

Hyundai will focus on sales recovery in global markets amid continued concerns over the resurgent 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. Furthermore, the company expects the global launch of upcoming Genesis GV70 luxury SUV model will provide new sales momentum for the company.

Sales Results (Units)

Subject
November
’20
November
’19
Y/Y Change
October
20
M/M Change2020 YTD2019 YTDYTD Change
Korea Sales70,03563,16010.9%65,6696.6%719,368675,5076.5%
Overseas Sales306,669330,534-7.2%321,528-4.6%2,649,6873,350,568-20.9%
Global Sales376,704393,694-4.3%387,197-2.7%3,369,0554,026,075-16.3%

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.

NC

Ka-Chow!