Hyundai Motor and Kia Sell 585,984 Units in October... "Semiconductor Supply Recovery" (Comprehensive)

[Asia Economy Reporter Yoo Hyun-seok] Hyundai Motor Company and Kia sold a total of 585,984 units domestically and internationally last month. Sales increased as the semiconductor parts supply disruption gradually eased.

Hyundai Motor announced on the 1st that it sold a total of 347,324 units worldwide last month, including 60,736 units domestically and 286,588 units overseas. Compared to the same period last year, domestic sales increased by 5.1% and overseas sales by 13.9%.

In the domestic market, 60,736 units were sold, a 5.1% increase compared to the same month last year. Sedans sold a total of 17,266 units, including 4,661 units of Grandeur, 3,667 units of Ioniq 6, 3,323 units of Sonata, and 5,615 units of Avante.

RVs sold a total of 16,971 units, including 4,147 units of Palisade, 2,722 units of Santa Fe, 2,169 units of Ioniq 5, 1,729 units of Tucson, and 3,908 units of Casper. Porter recorded sales of 9,020 units, Staria sold 3,461 units, and medium-to-large buses and trucks sold 2,727 units.

Premium brand Genesis sold a total of 11,291 units, including 2,818 units of G90, 3,082 units of G80, 1,945 units of GV80, 2,413 units of GV70, and 493 units of GV60.

Overseas sales last month increased by 13.9% year-on-year to 286,588 units.

A Hyundai Motor official said, "Despite the continued difficult business environment due to the resurgence of COVID-19, rising raw material prices, interest rate hikes, and expanding inflation, the semiconductor parts supply shortage is gradually recovering. We will expand market share and strengthen profitability by launching competitive new vehicles and optimizing production and sales strategies."

Kia sold 238,660 units domestically and internationally last year, an 8.6% increase compared to the same period last year.

Domestic sales were 43,032 units, up 13.7% during the same period, and overseas sales were 195,628 units, up 7.5%. By model, the mid-size sport utility vehicle (SUV) Sportage was the best-selling with 44,475 units.

The best-selling vehicle domestically was Bongo III with 5,872 units sold. Among passenger cars, K8 led with 3,613 units, totaling 13,791 units sold. Recreational vehicles (RVs) recorded a total of 23,028 units sold, with Sorento being the best-selling at 5,127 units. Commercial models sold a total of 6,213 units. Based on overseas sales, Sportage was the highest with 39,525 units, followed by Seltos and K3 (Forte).

A Kia official said, "As the semiconductor parts supply disruption gradually eases, we will expand market share and profitability through supply expansion, launching competitive new vehicles, and solid sales strategies."

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