Hyundai Motor Sells 312,990 Units in August... 14.2% Decrease Year-on-Year

[Asia Economy Reporter Seongpil Cho] Hyundai Motor Company (Hyundai Motor) announced on the 1st that it sold a total of 312,990 units worldwide in August. This is a 14.2% decrease compared to the previous year.

In the domestic market, it sold 52,897 units, a 3.2% increase compared to the previous year, but in overseas markets, it sold 258,400 units, a 17.1% decrease.

Overseas, the decrease in production at overseas factories due to demand contraction caused by the novel coronavirus disease (COVID-19) led to a decline in sales volume.

A Hyundai Motor official said, "Although uncertainty increased in the second half of the year due to the worsening COVID-19 situation, we will continue active risk management efforts by preparing countermeasures for each region and striving to minimize negative impacts to overcome the crisis."

This content was produced with the assistance of AI translation services.