Due to the semiconductor shortage... Hyundai Motor's October sales drop by 20.7%

Hyundai Motor Global Sales Volume of 307,039 Units in October

[Asia Economy Reporter Changhwan Lee] Hyundai Motor Company announced on the 1st that its global sales volume last month was 307,039 units, a 20.7% decrease compared to the same month last year.

This is attributed to the ongoing global semiconductor supply shortage, which caused production to lag behind vehicle demand.

In the domestic market in October, Hyundai sold 57,813 units, a 12% decrease compared to the same month last year.

For sedans, a total of 18,978 units were sold, including 9,448 units of the Grandeur, 6,136 units of the Sonata, and 3,368 units of the Avante.

For RVs (recreational vehicles), a total of 18,194 units were sold, including 2,582 units of the Palisade, 3,494 units of the Santa Fe, 2,911 units of the Tucson, 3,783 units of the Ioniq 5, and 2,506 units of the Casper.

The Porter recorded sales of 4,042 units, and the Staria sold 2,775 units, while medium and large buses and trucks sold 2,296 units.

The premium brand Genesis sold a total of 11,528 units, including 6,119 units of the G80, 2,892 units of the GV70, and 1,828 units of the GV80.

In the overseas market in October, Hyundai sold 249,226 units, a 22.5% decrease compared to the same month last year.

A Hyundai official stated, “This month as well, management uncertainty continues due to semiconductor parts supply disruptions and the impact of COVID-19. We will continue proactive risk management efforts in each region and minimize supply delays by adjusting production schedules, prioritizing the production of models that can be delivered quickly.”

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