Hyundai Motor, 324,039 Units Sold in May... 0.5% Decrease from Previous Month

[Asia Economy Reporter Yoo Hyun-seok] Due to the ongoing global shortage of automotive semiconductors, Hyundai Motor Company's sales performance in May showed a slight decrease compared to the same month last year.

Hyundai Motor announced on the 2nd that it sold a total of 324,039 vehicles worldwide in May 2022, including 63,373 units domestically and 260,666 units overseas. Compared to the same period last year, domestic sales increased by 2.1%, while overseas sales decreased by 1.1%.

In the domestic market last month, Hyundai sold 63,373 units, a 2.1% increase compared to the same month last year. By model, sedans sold a total of 16,544 units, including 7,602 units of the Grandeur, 3,990 units of the Sonata, and 4,918 units of the Avante.

Recreational Vehicles (RVs) sold a total of 20,570 units, including 4,110 units of the Palisade, 2,477 units of the Santa Fe, 3,722 units of the Tucson, 3,054 units of the Ioniq 5, and 4,402 units of the Casper. Additionally, the Porter recorded 8,299 units, the Staria 2,914 units, and medium-to-large buses and trucks totaled 2,812 units.

Premium brand Genesis sold a total of 12,234 units, including 4,330 units of the G80, 1,635 units of the GV80, 2,859 units of the GV70, and 724 units of the GV60.

In overseas markets, sales decreased by 1.1% compared to the same month last year, with 260,666 units sold.

A Hyundai Motor official stated, “Although management uncertainty continues due to semiconductor component supply disruptions, we will minimize the impact of supply delays through flexible semiconductor allocation and adjustment of vehicle production schedules. We will expand market share and strengthen profitability through the launch of competitive new models and solid sales strategies.”

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