Hyundai Motor Sells 385,947 Units in October... 4.2% Decrease YoY

Domestic Sales Increase by 1.2%... Overseas Sales Decrease by 5.2%

The New Hyundai Grandeur (Photo by Hyundai)

[Asia Economy Reporter Kim Ji-hee] Hyundai Motor Company announced on the 2nd that it sold a total of 385,947 vehicles worldwide in October this year, including 65,669 units domestically and 320,278 units overseas. Compared to the same period last year, domestic sales increased by 1.2%, while overseas sales decreased by 5.2%.

The Grandeur led Hyundai's domestic performance. The Grandeur recorded 10,926 units sold, making it the best-selling model at Hyundai, followed by the Avante with 8,316 units and the Sonata with 5,670 units, totaling 25,390 sedans sold.

Recreational Vehicles (RVs) sold a total of 17,028 units, including 6,514 Palisades, 4,003 Santa Fes, and 3,063 Tucsons.

The hydrogen fuel cell vehicle Nexo surpassed 10,000 cumulative domestic sales just 2 years and 7 months after its launch in March 2018.

Commercial vehicles recorded 11,777 units for small commercial vehicles, combining Grand Starex and Porter, and 2,315 units for large commercial vehicles, including medium and large buses and trucks.

The premium brand Genesis saw the G80 as the best-selling model with 5,268 units, followed by the GV80 with 2,743 units, the G90 with 915 units, and the G70 with 233 units.

In the overseas market, 320,278 units were sold last month, a 5.2% decrease compared to the same period last year. Sales declined due to reduced production at overseas factories caused by demand contraction from the COVID-19 pandemic.

A Hyundai Motor official stated, “To overcome the crisis caused by the COVID-19 situation, we are preparing countermeasures for each region and making efforts to minimize negative impacts, continuing proactive risk management efforts.”

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